Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 55

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 55
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 growth through acquisitions of new or secondhand vessels and we may not realize expected benefits from these acquisitions, which may negatively impact our cash flows, liquidity and our ability to pay dividends to our shareholders. We expect to grow our business mainly through selective acquisitions of secondhand vessels to the extent that they are available. Our future growth will primarily depend on:

| • | the availability of employment for our owned vessels; |

| • | locating and identifying suitable secondhand vessels at acceptable prices; |

| • | obtaining required financing on acceptable terms; |

| • | consummating vessel acquisitions; |

| • | enlarging our customer base; |

| • | hiring additional shore-based employees and seafarers; |

| • | continuing to meet technical and safety performance standards; and |

| • | managing joint ventures or significant acquisitions and integrating the new ships into our owned fleet of dry bulk vessels. |

Ship values are correlated with charter rates. During periods in which charter rates are high, ship values are generally high as well, and it may be difficult to consummate ship acquisitions at favorable prices. During periods in which charter rates are low and employment is scarce, ship values are low; however, any vessel acquired without an attached time charter will still incur expenses to operate, insure, maintain and finance, thereby significantly increasing the cash outlay. In addition, any vessel acquisition may not be profitable and may not generate cash flows sufficient to justify the investment. We may not be successful in executing any future growth plans and we cannot give any assurance that we will not incur significant expenses and losses in connection with such growth efforts. Other risks associated with vessel acquisitions that may harm our business, financial condition and operating results include the risks that we may:

| • | fail to realize anticipated benefits, such as new customer relationships, cost-savings or cash flow enhancements; |

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| • | be unable (through our managers) to hire, train or retain qualified shore-based and seafaring personnel to manage and operate our growing business and owned fleet of dry bulk vessels; |

| • | decrease our liquidity by using a significant portion of available cash or borrowing capacity to finance acquisitions; |

| • | significantly increase our interest expense or financial leverage if we incur additional debt to finance acquisitions; |

| • | incur or assume unanticipated liabilities, losses or costs associated with any vessels or businesses acquired; or |

| • | incur other significant charges, such as impairment of goodwill or other intangible assets, asset devaluation or restructuring charges. |