Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 297

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 297
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hand dry bulk vessel August(ex. August Oldendorff) with an aggregate capacity of 663,036 DWT. Furthermore, during the year ended December 31, 2024, the Company sold the dry bulk vessels Progress, Manzanillo, Konstantinosand Adventurewhich were held for sale as of December 31, 2023, and the dry bulk vessels Alliance, Merida, Pegasus, Oracle, Titan Iand Discoveryandrecognized an aggregate net gain of $3,788, which is separately reflected in Gain / (loss) on sale of vessels, net in the accompanying combined carve-out statement of operations for the year ended December 31, 2024. During the year ended December 31, 2023, the Company acquired three secondhand dry bulk vessels the Enna(ex. Aquaenna), the Dorado(ex. Aquarange) and the Arya(ex. Ultra Regina) with an aggregate capacity of 417,241 DWT. Furthermore, during the year ended December 31, 2023, the Company sold the dry bulk vessels Miner, Taibo, Comity, Peace, Prideand Cetusand recognized an aggregate net loss of $5,324, which is included in Gain / (loss) on sale of vessels, net in the accompanying predecessor combined carve-out statement of operations for the year ended December 31, 2023.

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TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR Notes to Combined Carve-out Financial Statements December 31, 2023 and 2024 (Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated) On December 14 and 20, 2023, the Company decided to make arrangements to sell the dry bulk vessels Konstantinosand Progress, respectively. On these dates, the Company concluded that all the criteria required by the relevant accounting standard, ASC 360-10-45-9, for the classification of these vessels as “held for sale” were met. As of December 31, 2023, the amount of $20,790, included in Vessels held for sale in the December 31, 2023 predecessor combined carve-out balance sheet, represented the fair market value of the vessels based on the vessels’ estimated sale price, net of commissions (Level 2 inputs of the fair value hierarchy). The difference between the estimated fair value less cost to sell the vessels and the vessels’ carrying