Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 34

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 34
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4 |     |             |
|:-----------------------------------------|:----|------------------------:|:----|:------------|
| (Expressed in thousands of U.S. dollars) |     |                  Actual |     | As adjusted |
| Cash and cash equivalents(1)             |     |                 $49,858 |     |             |
| Restricted cash                          |     |                 $10,177 |     |             |
| Debt                                     |     |                         |     |             |
| Total long-term debt(2)                  |     |                $339,251 |     |             |
| Related party loans(3)                   |     |                  85,000 |     |             |
| Equity                                   |     |                         |     |             |
| Common shares                            |     |                    $250 |     |             |
| Additional paid-in capital               |     |                $207,284 |     |             |
| Accumulated deficit                      |     |               $(98,061) |     |             |
| Net parent investment                    |     |                $312,546 |     |             |
| Total shareholders’ equity               |     |                $422,019 |     |             |
| Total Capitalization                     |     |                $846,270 |     |             |

| (1) | Costamare Inc. will cause us to have cash and cash equivalents of not less than $     immediately following the completion of the spin-off and the restructuring transactions and after giving effect to the repayment of $   of our total long-term debt discussed in note 2. |

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| (2) | Prior to the consummation of the restructuring transactions, our total long-term debt will be reduced by $    through prepayments. |

| (3) | Prior to consummation of the distribution, the outstanding principal amount of related party loans made by Costamare Inc. to CBI and any other amounts due in connection therewith will be fully forgiven by Costamare Inc. |

| C. | Reasons for the Offer and Use of Proceeds |

Not applicable.

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| D. | Risk Factors |

You should carefully consider the risks described below, together with all of the other information included in this registration statement, in evaluating Costamare Bulkers Holdings and our shares. The following risk factors could adversely affect our business, financial condition, results of operations and the price of