Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 90

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 90
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 numbers of shares held by them from time to time. The number of common shares available for sale in the public market will be limited by restrictions applicable under securities laws, and agreements that we and our executive officers, directors and existing shareholders may enter into with the underwriters at the time of an offering. Subject to certain exceptions, these agreements generally restrict us and our executive officers, directors and existing shareholders from directly or indirectly offering, selling, pledging, hedging or otherwise disposing of our equity securities or any security that is convertible into or exercisable or exchangeable for our equity securities and from engaging in certain other transactions relating to such securities for an agreed period after the date of an offering prospectus without the prior written consent of the underwriters. Our ability to operate our business effectively may suffer if we do not effectively establish our own administrative and support systems necessary to operate as a standalone public company. While Costamare Shipping will continue to provide us with management services under the Framework Agreement, which we will enter into in connection with the spin-off, we are creating our own financial, administrative, corporate governance, and listed company compliance and other support systems in connection with our separation from Costamare Inc. In addition, we are also establishing our own tax, treasury, internal audit, investor relations, and other corporate compliance functions. We expect this process to be complex, time-consuming and costly. Any failure or significant downtime in our own financial, administrative or other support systems, or in the management and other support services provided to us by Costamare Shipping could negatively impact our results of operations or our ability to perform administrative or other services on a timely basis.

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Further, as a standalone public company, we will incur significant legal, accounting and other expenses that we did not incur as part of Costamare Inc. The provisions of the Sarbanes-Oxley Act, as well as rules subsequently adopted by the SEC and the NYSE, have imposed various requirements on public companies, including changes in corporate governance practices. For example, the Sarbanes-Oxley Act requires, among other things, that we maintain and periodically evaluate our internal control over financial reporting and disclosure controls and procedures. In particular, we will, after a transitional period, have to perform system and process evaluation and testing of our internal control over financial reporting to allow management to report on the effectiveness of our internal control over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act. Although we currently test our internal controls over