Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 91

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 91
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, your Costamare Inc. shares sold in the “ex-distribution” market (as opposed to the “regular-way” market) will reflect an ownership interest solely in Costamare Inc. and will not include the right to receive any of our shares in the spin-off, but may not yet accurately reflect the value of such Costamare Inc. shares excluding its dry bulk related businesses. There is a risk that this could negatively impact the trading of our shares. If securities or industry analysts do not publish research or reports about our business, or publish negative reports about our business, our share price and trading volume could decline. As a newly-standalone public company, there is currently no analyst coverage of us. We do not have any control over analysts as to whether they will cover us, and if they do, whether such coverage will continue. There is also no assurance that Costamare Bulkers Holdings will have a similar amount of analyst coverage as Costamare Inc. The trading market for our common shares will depend, in part, upon the research and reports that securities or industry analysts publish about us or our business. If analysts do not commence coverage of the Company, or if one or more of these analysts cease coverage of us or fail to regularly publish reports on us, we could lose visibility in the financial markets, which could cause our share price or trading volume to decline. In addition, if one or more of the analysts who do cover us downgrade our shares or change their opinion of our shares, our share price may likely decline. Substantial sales of our common shares may occur shortly following the spin-off, which could cause our share price to decline. Following the spin-off and the completion of the Restructuring Transactions, 99.25% of our outstanding shares will be owned by the existing shareholders of Costamare Inc. and 0.75% by the CBI Minority Investor, and shareholders of the Company will be free to sell their common shares after the effective date of this registration statement for any reason. It is possible that some of the Company’s shareholders, including some of its larger shareholders, will sell their Costamare Bulkers Holdings shares received in the spin-off if, for reasons such as our business profile or market capitalization as a standalone company, we do not fit their investment objectives, or they consider holding our shares to be impractical or difficult due to listing, tax or other considerations. The sales of significant amounts of our common shares, or the perception that this may occur, could result in a