Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 207

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 207
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 Risk— Interest Rate Risk”. Interest Rate Caps As of December 31, 2024, we have not entered into any interest rate cap agreements. For information on our interest rate caps see “Item 11. Quantitative and Qualitative Disclosures About Market Risk—11.A. Quantitative Information About Market Risk—Interest Rate Risk”. Foreign Currency Exchange Risk We generate all of our revenue in U.S. dollars, but a portion of our expenses are in currencies other than U.S. dollars (mainly in Euro), and any gain or loss we incur as a result of the U.S. dollar fluctuating in value against those currencies is included in vessel operating expenses. As of December 31, 2024, approximately 9% of our outstanding accounts payable were denominated in currencies other than the U.S. dollar (mainly in the Singapore dollar). We hold cash and cash equivalents mainly in U.S. dollars.

| C. | Research and Development, Patents and Licenses, etc. |

We incur from time to time expenditures relating to inspections for acquiring new vessels. Such expenditures are insignificant and are expensed as they are incurred.

| D. | Trend Information |

See “Item 4. Information on the Company—4.A. Operating Results—Factors Affecting Our Results of Operations” and the discussion contained under the section entitled “The International Dry Bulk Shipping Industry” for more information on trends in the international dry bulk shipping industry.

| E. | Critical Accounting Estimates |

The discussion and analysis of our financial condition and results of operations is based upon our predecessor combined carve-out financial statements, which have been prepared in accordance with GAAP. The preparation of those predecessor combined carve-out financial statements requires us to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses and related disclosure at the date of our predecessor combined carve-out financial statements. Actual results may differ from these estimates under different assumptions and conditions. Critical accounting policies are those that reflect significant judgments of uncertainties and potentially result in materially different results under different assumptions and conditions. We describe below what we believe are our most critical accounting policies, because they generally involve a comparatively higher degree of judgment in their application. For a description of all our significant accounting policies, see Note 2 to our predecessor audited combined carve-out financial statements included elsewhere in this registration statement. Vessel Impairment We review our owned vessels for impairment whenever events or changes in circumstances indicate that the carrying amount of a vessel might not be recoverable. We consider information, such