Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 179

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 179
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 to hedge our exposure to fluctuations in the charter market, foreign exchange rates and bunker prices. Furthermore, we use derivative instruments to hedge our exposure to European Union Allowances within the context of EU’s Emissions Trading Scheme. As a result of such trades, we may incur derivative exposure that could have a material adverse effect on our future performance, results of operations, cash flows and financial position. |

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TABLE OF CONTENTS

Items You Should Consider When Evaluating Our Predecessor Combined Carve-Out Financial Statements and Assessing Our Future Prospects Our results of operations, financial condition and cash flows could differ from those that would have resulted if we operated autonomously or as an entity independent of Costamare Inc. in the periods for which predecessor combined carve-out financial statements are included in this registration statement, and such information may not be indicative of our future operating results or financial performance. As a result, you should consider the following facts when evaluating our historical results of operations and assessing our future prospects:

| • | Our predecessor combined carve-out financial statements include an allocation from Costamare Inc. of certain general and administrative expenses that we would incur as a publicly traded company that we have not previously incurred. The primary components of the costs associated with being a standalone public company include the preparation of disclosure documents, legal and accounting costs, investor relation costs, director and officer liability insurance costs, director and executive compensation, costs related to compliance with the Exchange Act, the Sarbanes-Oxley Act and the Dodd-Frank Act of 2010, and costs related to other corporate functions such as tax, and internal audit. The allocation of these additional expenses, which are included in the predecessor combined carve-out financial statements, may not be indicative of the actual expense that would have been incurred had we operated as a standalone public company for the periods presented. |

| • | In connection with the separation, we expect to incur one-time costs, fees and expenses of approximately $    after the completion of the spin-off relating to    . We expect to incur these expenses during the next     years. |

| • | We expect to incur additional expenses, such as legal expenses, to amend our current financings. For example, at the effective time of the spin-off, Costamare Bulkers Holdings and Costamare Bulkers Ships will replace Costamare Inc. as guarantors where our shipowning subsidiaries are borrowers under the relevant loan agreements and we are currently finalizing