Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 97

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 97
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 not currently subject. Under Section 404 of the Sarbanes-Oxley Act, we will be required to include in our future annual reports on Form 20-F a report containing our management’s assessment of the effectiveness of our internal control over financial reporting and a related attestation of our independent auditors. While we are currently exempt from this requirement due to our status as an EGC, the requirement for an attestation of our independent auditors will

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apply to us with respect to our first annual report on Form 20-F for the fiscal year following our exit from EGC status. Once that occurs, we will need to undertake a comprehensive effort to prepare for compliance with Section 404. This effort will include the documentation, testing and review of our internal controls under the direction of our management. We cannot be certain at this time that all our controls will be considered effective. Therefore, we can give no assurances that our internal control over financial reporting will satisfy the regulatory requirements when they become applicable to us.

#### Tax Risks
**In addition to the following risk factors, you should read “Item 10. Additional Information—10.E. Tax Considerations—Marshall Islands Tax Considerations”, “Item 10. Additional Information—10.E. Tax Considerations—Liberian Tax Considerations” and “Item 10. Additional Information—10.E. Tax Considerations—United States Federal Income Tax Considerations” for a more complete discussion of the material Marshall Islands, Liberian and U.S. Federal income tax consequences of the spin-off and of owning and disposing of our common shares.

Shareholders that are subject to U.S. federal income tax and who receive ordinary shares pursuant to the spin-off may need to fund their income tax liability with cash from other sources or by selling our ordinary shares.

A U.S. shareholder who receives our common shares pursuant to the spin-off will be deemed to have received a taxable distribution in an amount equal to the fair market value of the common shares received. Neither we nor Costamare Inc. have any obligation to distribute cash to pay any taxes owed by such shareholder as a result of the spin-off. Accordingly, a U.S. shareholder may need to satisfy any U.S. federal income tax liability resulting from the receipt of our ordinary shares with cash from such shareholder’s own funds or by selling all or a portion of the ordinary shares received. Each U.S. shareholder should consult an independent tax advisor regarding the U.S. federal income tax consequences to such