Disconnect hose on seacock, remove seacock, then remove the thru hull.
The thru hull should be sealed with 3M 5200 so there will some wood that will be damaged on removing it. Once thru hull is out, start removing any wood which is wet/damp. When all the wet wood is removed then it's time for rebuild.
Fit new wood against hull bottom then use fiberglass and layer it in. Cut a smaller piece of wood to place on top as reinforcement and fiberglass it in. Drill hole for new thru hull. Use 3M 5200 to seal new thru hull in.