Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 312

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 312
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62.0 million are payable in varying amounts, from the second quarter of 2026 until the third quarter of 2033. (c)Capital Commitments: The Company had no capital commitments as of December 31, 2024. (d) Other: Various claims, suits, and complaints, including those involving government regulations, arise in the ordinary course of the shipping business. In addition, losses may arise from disputes with charterers, agents or suppliers relating to the Company’s vessels. Currently, management is not aware of any such claims not covered by insurance or of any contingent liabilities, which should be disclosed, or for which a provision has not been established in the accompanying predecessor combined carve-out financial statements. The Company accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. Currently, management is not aware of any such claims or contingent liabilities not covered by insurance which should be disclosed, or for which a provision has not been established in the accompanying predecessor combined carve-out financial statements. The Company is covered for liabilities associated with the vessels’ operations up to the customary limits provided by the Protection and Indemnity (“P&I”) Clubs, members of the International Group of P&I Clubs. 11. Common Shares and Additional Paid-In Capital: (a) Common Shares: As of December 31, 2024, Common shares represent the aggregate issued share capital of the 69 entities included in these predecessor combined carve-out financial statements (Note 1). (b) Additional paid-in capital: The amounts shown in the accompanying December 31, 2023 and 2024 predecessor combined carve-out balance sheets, as Additional paid-in capital, represent contributions made to CBI by Costamare and the minority shareholders of CBI. In 2022, Costamare, participated with three other investors (the “Other Investors”) in the share capital increase of CBI whereby (i) Costamare became the holder of 100,000,000 common shares of CBI (representing 92.5% of the issued share capital of CBI) in exchange for $100,000 and (ii) the three Other Investors acquired, in aggregate, 8,108,108 common shares of CBI (representing 7.5% of the issued share capital of CBI) in exchange for $3,750. During the year ended December 31, 2023, CBI increased its share capital by issuing