Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 18

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 18
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| • | See “The International Dry Bulk Shipping Industry” for more information on the international dry bulk shipping industry. |

Reasons for Spin-off We and Costamare Inc. believe that both independent publicly traded companies will benefit from the spin-off by being better positioned to pursue their distinct operating priorities and strategies and enable management of both companies to focus on unique opportunities for long-term growth and profitability. In addition, we and Costamare Inc. believe the spin-off will have the following benefits:

| • | an opportunity for investors to make more targeted investment decisions and to invest in a distinct “pure-play” international dry bulk shipping company; |

| • | a more efficient allocation of capital to the highest and best use, tailored to the characteristics of each business; |

| • | a capital structure optimized to the needs and characteristics of each business; and |

| • | simplified corporate structure which enhances manageability and operational efficiency. |

We describe the factors considered by Costamare Inc. and the Costamare Inc. board of directors (the “Costamare Inc. Board”) in greater detail under “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Reasons for the Spin-off”. In addition, the completion of the spin-off remains subject to the satisfaction, or waiver by the Costamare Inc. Board, of a number of conditions. See “Item 4. Information on the Company—4.A. History and Development of the Company—The Spin-off—Conditions to the Spin-off” for additional detail.

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Risks Associated with Our Business and the Spin-off Our business is subject to numerous risks. Neither we nor Costamare Inc. can assure you that, following the spin-off, any of the benefits described in this registration statement will be realized to the extent or at the time anticipated or at all. For additional information, please read carefully the risks described under “Item 3. Key Information—3.D. Risk Factors” beginning on page 3of this registration statement. Corporate Information Costamare Bulkers Holdings was incorporated in the Republic of the Marshall Islands on September 29, 2023 under the BCA. Costamare Bulkers Holdings (i) serves as the ultimate holding company of the subsidiaries that held, hold or were formed for the purpose of holding all dry bulk vessels owned indirectly by Costamare Inc. and (ii) following the spin-off and the completion of the Restructuring Transactions,