Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 36

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 36
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 cover page of this prospectus. See “Dilution.” In addition, you may experience further dilution to the extent that additional Class A Ordinary Shares are issued upon exercise of outstanding options we may grant from time to time. The sale or availability for sale of substantial amounts of our Class A Ordinary Shares could adversely affect their market price. Sales of substantial amounts of our Class A Ordinary Shares in the public market after the completion of the Offering, or the perception that these sales could occur, could adversely affect the market price of our Class A Ordinary Shares and could materially impair our ability to raise capital through equity offerings in the future. The Class A Ordinary Shares sold in the Offering will be freely tradable without restriction or further registration under the Securities Act, and certain Class A Ordinary Shares held by our existing shareholders may also be sold in the public market in the future, subject to the restrictions in Rule 144 and Rule 701 under the Securities Act and the applicable lock -upagreements. In particular, as of the date of this prospectus, our existing non -affiliatedshareholders collectively hold [ ] Class A Ordinary Shares. If a material part or all of these Class A Ordinary Shares are sold in the public market within a short period, potential market price volatility and downward pressure on the price of our Class A Ordinary Shares may occur. As of the date of this prospectus, an aggregate of [ ] Class A Ordinary Shares is outstanding before the consummation of the Offering and [ ] Class A Ordinary Shares will be outstanding immediately after the consummation of the Offering, assuming no exercise of the underwriter’s over -allotmentoption, or [ ] Class A Ordinary Shares, if the underwriter exercises its over -allotmentoption in full. Sales of these Class A Ordinary Shares into the market could cause the market price of our Class A Ordinary Shares to decline. We do not intend to pay further dividends after listing our Class A Ordinary Shares on NASDAQ. We currently intend to retain all remaining funds and future earnings, if any, for the operations and expansion of the business of the Operating Subsidiary and do not anticipate declaring or paying any further dividends on our Class A Ordinary Shares after listing our Class A Ordinary Shares on NASDAQ. Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant, and will be subject to the restrictions contained in