Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 22

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 22
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 Transactions, Costamare Inc. will own only containerships and its leasing business under Neptune Maritime Leasing Limited (“NML”) and the Company will own and operate only dry bulk vessels, resulting in a “pure-play” international dry bulk shipping company. We and Costamare Inc. believe that both independent, publicly traded companies will benefit from the spin-off for the reasons discussed in “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Reasons for the Spin-off”. To enable the separation, Costamare Inc. will complete a series of restructuring transactions described under “Item 4. Information on the Company— 4.A. History and Development of the Company—The Spin-Off—Restructuring Transactions” and “Item 7. Major Shareholders and Related Party Transactions—7.B. Related Party Transactions—Agreements Between Costamare Inc. and Us” or the “Restructuring Transactions”. After the spin-off and distribution are complete, and after giving effect to the Restructuring Transactions, the holders of Costamare Inc. shares on the record date will own 99.25% of our outstanding shares, with Jens Jacobsen (the “CBI Minority Investor”) owning the remaining 0.75% of our outstanding shares, and we will be an independent, publicly traded company. Prior to or substantially concurrently with the completion of the spin-off, we will enter into or will have entered into a Separation and Distribution Agreement with Costamare Inc. This agreement will govern the relationship between us and Costamare Inc. up to and after completion of the spin-off and allocate between us and Costamare Inc. various assets, liabilities and obligations. See “Item 7. Major Shareholders and Related Party Transactions—7.B. Related Party Transactions” for more detail. Completion of the spin-off is subject to the satisfaction, or waiver by the Costamare Inc. Board, of a number of conditions. See “Item 4. Information on the Company— 4.A. History and Development of the Company—The Spin-off” for more detail. Questions and Answers About the Spin-Off The following provides only a summary of and answers to certain questions relating to the terms of the spin-off. You should read the section entitled “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off” below in this registration statement for a more detailed description of the matters identified below.

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