Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 34

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 34
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 and the prepayment of the Company’s total long-term debt in connection with the sale of one of its vessels which have aggregated to approximately $14.5 million since January 1, 2025. |

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The “as adjusted” information below is not necessarily indicative of what our capitalization and indebtedness would have been had the separation and related transactions been completed as of December 31, 2024. Investors should read the information in this table together with the audited predecessor combined carve-out financial statements and related notes to those statements appearing elsewhere in this Form 20-F, as well as the section of this Form 20-F captioned “Item 5. Operating and Financial Review and Prospects” below. The amounts presented below are derived from the predecessor combined carve-out financial statements appearing elsewhere in this Form 20-F.

|                                          |     | As of December 31, 2024 |     |             |
|:-----------------------------------------|:----|------------------------:|:----|------------:|
| (Expressed in thousands of U.S. dollars) |     |                  Actual |     | As adjusted |
| Cash and cash equivalents                |     |                 $49,858 |     |    $149,858 |
| Restricted cash                          |     |                 $10,177 |     |     $10,177 |
| Debt                                     |     |                         |     |             |
| Total long-term debt                     |     |                $339,251 |     |    $174,756 |
| Related party loans                      |     |                  85,000 |     |           — |
| Equity                                   |     |                         |     |             |
| Common shares                            |     |                    $250 |     |        $250 |
| Additional paid-in capital               |     |                $207,284 |     |    $207,284 |
| Accumulated deficit                      |     |               $(98,061) |     |   $(98,061) |
| Net parent investment                    |     |                $312,546 |     |    $662,041 |
| Total shareholders’ equity               |     |                $422,019 |     |    $771,514 |
| Total Capitalization                     |     |                $846,270 |     |    $946,270 |

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

Not applicable.

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| D. | Risk Factors |

You should carefully consider the risks