Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 29

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 29
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 the spin-off? |

| A: | We expect that the spin-off will be effective on     , 2025, the distribution date. This is the date that we will become a standalone public company, independent of Costamare Inc. It is expected that our shares will begin “regular way” trading separately from Costamare Inc. shares on     , 2025, on the distribution date. The completion and timing of the spin-off are dependent upon a number of conditions and no assurance can be provided as to the timing of the spin-off or that all conditions to the spin-off will be met. |

| Q: | What are the conditions to the spin-off? |

| A: | We expect that the spin-off will be effective on     , 2025, the distribution date, provided that the following conditions shall have been satisfied or waived by Costamare Inc.: |

| • | the Costamare Inc. Board shall have authorized and approved the spin-off and related transactions and not withdrawn such authorization and approval, and shall have declared the dividend of our shares to Costamare Inc. shareholders; |

| • | our shares shall have been accepted for listing on the NYSE (subject to technical deliverables only); |

| • | the SEC shall have declared effective this registration statement under the Exchange Act, and no stop order suspending the effectiveness of this registration statement shall be in effect and no proceedings for that purpose shall be pending before or threatened by the SEC; |

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| • | all necessary government approvals, if any, required to consummate the spin-off have been received; |

| • | all necessary or appropriate actions under U.S. Federal, state or other securities laws or blue sky laws (and comparable laws under foreign jurisdictions) have been taken; |

| • | no order, injunction or decree issued by any governmental authority of competent jurisdiction or other legal restraint or prohibition preventing consummation of the spin-off shall be in effect, and no other event outside the control of Costamare Inc. shall have occurred or failed to occur that prevents the consummation of the spin-off (including obtaining any necessary consent from our or Costamare Inc.’s lenders); and |

| • | no other events or developments shall have occurred prior to the distribution date that, in the judgment of the Costamare Inc. Board, would result in the spin-off having a