Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 111

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 111
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 brokers. |

| • | Directly registered shares held through Equiniti Trust Company, LLC.Holders may directly hold their ownership interests in us in the form of uncertificated shares that will be registered in the names of such holders directly on the books of Equiniti Trust Company, LLC. Holders will receive periodic account statements from Equiniti Trust Company, LLC evidencing their holding of our shares. Through Equiniti Trust Company, LLC, holders may effect transfers of our shares to others, including to banks or brokers that are participants in the DTC Direct Registration System. |

Neither we nor Costamare Inc. can assure you as to the trading price of Costamare Inc. shares or of our shares after the spin-off, or as to whether the combined trading prices of our shares and the Costamare Inc. shares after the spin-off will be less than, equal to or greater than the trading prices of Costamare Inc. shares prior to the spin-off. As a result of the spin-off, Costamare Inc. expects the trading prices of Costamare Inc. shares at market open on , 2025 to be lower than the trading prices at market close on , 2025, because the trading prices will no longer reflect the value of its dry bulk related businesses. See “Item 3. Key Information—3.D. Risk Factors—Risks Relating to Our Securities and the Spin-off “ for more detail. Subject to any procedural requirements for certain types of transfers that may be included in our bylaws, our shares distributed to Costamare Inc. shareholders will be freely transferable, except for shares received by individuals who are our affiliates. See “Item 10. Additional Information—10.A. Share Capital”. Individuals who may be considered our affiliates after the spin-off include individuals who control, are controlled by or are under common control with us, as those terms generally are interpreted for federal securities law purposes. These individuals may include some or all of our directors and executive officers. Individuals who are our affiliates will be permitted to sell their Costamare Bulkers Holdings shares only pursuant to an effective registration statement under the Securities Act of 1933, as amended (the “Securities Act”), or an exemption from the registration requirements of the Securities Act, such as those afforded by Section 4(a)(1) of the Securities Act or Rule 144 thereunder. Conditions to the Spin-off We expect that the separation and the spin-off will be effective on the distribution date, provided that