Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 189

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 189
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 we are exempt from compliance with any requirement that the Public Company Accounting Oversight Board may adopt regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements; |

| • | we are permitted to provide less extensive disclosure about our executive compensation arrangements; |

| • | we are not required to give our shareholders non-binding advisory votes on executive compensation or golden parachute arrangements; |

| • | we are granted the ability to present more limited financial data in this registration statement; and |

| • | we may elect not to use an extended transition period for complying with new or revised accounting standards. |

We may take advantage of these provisions for up to five years or such earlier time that we are no longer an emerging growth company. We will remain an emerging growth company until the earlier of (1) the last day of the fiscal year (a) following the fifth anniversary of the effectiveness of our initial public offering, (b) in which we have total annual gross revenue of at least $1.07 billion (as adjusted for inflation pursuant to SEC rules from time to time) or (c) in which we are deemed to be a large accelerated filer, which means the market value of our shares that is held by non-affiliates exceeds $700 million as of the end of that year’s second fiscal quarter, and (2) the date on which we have issued more than $1.0 billion in non-convertible debt securities during the prior three-year period. We may choose to take advantage of some, but not all, of these reduced burdens. For as long as we take advantage of the reduced reporting obligations, the information that we provide shareholders may be different from information provided by other public companies. Results of Operations Year ended December 31, 2024 compared to year ended December 31, 2023 During the years ended December 31, 2024 and 2023, we had an average of 37.6 and 43.8 dry bulk vessels, respectively, in our owned fleet. In addition, during the year ended December 31, 2024 and 2023, through CBI we chartered-in an average of 62.3 and 43.1 third-party dry bulk vessels, respectively. During the year ended December 31, 2024, we acquired the secondhand dry bulk vessels Miracle, Prosper, Frontier, Magnes, Alwineand Augustwith an aggregate dwt of 843,679, and we sold the dry