Company: CMDB
Filing Date: 2025-03-07
Form Type: DRSLTR
Source: 0000950157-25-000202
Chunk: 0

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-07
Form: DRSLTR
Chunk 0
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March 7, 2025 Costamare Bulkers Holdings Limited Amended Draft Registration Statement on Form 20-FR12B Response Letter dated December 27, 2024 CIK 0002033535 Dear Mr. Timothy S. Levenberg: We refer to the letter dated January 10, 2025 (the “ Comment Letter”), from the U.S. Securities and Exchange Commission (the “ SEC”) to Costamare Bulkers Holdings Limited (the “ Company”), setting forth the comments of the SEC staff (the “ Staff”) on the Company’s response letter dated December 27, 2024, relating to the Company’s amended draft registration statement on Form 20-F (the “ Form 20-F”), which was confidentially submitted to the SEC on November 13, 2024. The Company has today confidentially submitted with the SEC this letter, which sets forth the Company’s responses to the comments contained in the Comment Letter. The Company intends to confidentially submit, at a later date, a further amended draft registration statement on Form 20-F, including changes in response to the Staff’s comments described below. The numbered paragraphs and headings below correspond to the headings set forth in the Comment Letter. The Staff’s comments are set forth in bold, followed by the Company’s response to those comments. Capitalized terms used in this letter but not defined herein have the meaning given to such terms in the Form 20-F. Response Letter dated December 27, 2024 Financial Statements, page F-1

| 1. | We understand from your response to prior comment 5 that you do not believe financial statements for the registrant are required because you believe it meets the definition of a business combination related shell 
 company, although you represent that the Company “…will acquire the Shipowning Subsidiaries prior to completion of the spin-off and will acquire CBI promptly after completion of the spin-off.”                     |

| The definition of a business combination related shell company (as set forth in Rule 405 of Regulation C) applies when the shell entity is formed either solely for the purpose of changing its corporate domicile 
 within the United States; or solely for the purpose of completing a business combination transaction among one or more entities other than the shell company, none of which is a shell company.                    |

As the Company is incorporated in the Republic of the Marshall Islands and is the intended recipient of the dry bulk business of Costamare Inc., it does not meet this definition. We reissue prior