Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 319

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 319
---
 the Separation and Distribution agreement that CMDB intends to enter into with Costamare, all related party loans discussed in Note 3(d), will be forgiven immediately prior to the completion of the spin-off (Note 1). |

| (d) | Loan commitment:On February 14, 2025, Costamare and CBSI, as joint and several borrowers, signed a commitment letter from a European financial institution for a hunting license loan facility of up to $100,000, subject to final documentation. Costamare will be released from the commitment letter following the completion of the spin-off (Note 1). |

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TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

| Report of Independent Registered Public Accounting Firm (PCAOB Firm ID #1457)                                                                    
 Consolidated Balance Sheets as of December 31, 2023 and 2024                                                                                     
 Consolidated Statements of Income for the period from September 29, 2023 to December 31, 2023 and the year ended December 31, 2024               |     | F-38 
 F-39 
 F-40 |
|:-------------------------------------------------------------------------------------------------------------------------------------------------|:----|:-----|
| Consolidated Statements of Comprehensive Income for the period from September 29, 2023 to December 31, 2023 and the year ended December 31, 2024 |     | F-41 |
| Consolidated Statements of Shareholders’ Equity for the period from September 29, 2023 to December 31, 2023 and the year ended December 31, 2024 |     | F-42 |
| Consolidated Statements of Cash Flows for the period from September 29, 2023 to December 31, 2023 and the year ended December 31, 2024           |     | F-43 |
| Notes to Consolidated Financial Statements                                                                                                       |     | F-44 |

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#### TABLE OF CONTENTS
<div align='center'>**Report of Independent Registered Public Accounting Firm**</div>

To the Shareholders and the Board of Directors of Costamare Bulkers Holdings Limited

### Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Costamare Bulkers Holdings Limited (the Company) as of December 31, 2024, and 2023 the related consolidated statements of income, comprehensive income, shareholders’ equity