Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 91

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 91
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 financial reporting on a regular basis, we have done so in accordance with the financial reporting practices and policies of Costamare Inc., but not as a standalone entity. Doing so for ourselves will require our management and other personnel to devote a substantial amount of time to comply with these requirements and will also increase our legal and financial compliance costs. We cannot be certain at this time that all of our controls will be considered effective and our internal control over financial reporting may not satisfy the regulatory requirements when they become applicable to us. The separation and spin-off from Costamare Inc. could have an adverse effect on our business or cause management distraction or business disruption as we begin to operate as a standalone company. Following the spin-off, we will be a standalone public company. The process of becoming a standalone public company may distract our management from focusing on our business and strategic priorities. Further, we may not be able to issue debt or equity on terms acceptable to us or at all and we may not be able to attract and retain employees as desired. We also may not fully realize the anticipated benefits of the separation and of being a standalone public company, or the realization of such benefits may be delayed, if any of the risks identified in this “Risk Factors” section, or other events, were to occur. As a separate public company, we will be a smaller company than Costamare Inc., and we may not have access to financial and other resources comparable to those available to Costamare Inc. prior to the separation and spin-off. We cannot predict the effect that the spin-off and the separation will have on our relationship with partners, customers and employees or our relationship with government regulators. Members of the Konstantakopoulos family are our principal existing shareholders and will control the outcome of matters on which our shareholders are entitled to vote; their interests may be different from yours. Immediately following the spin-off and the completion of the Restructuring Transactions, members of the Konstantakopoulos family will own, directly or indirectly, approximately 63.1% of our outstanding common shares, in the aggregate. These shareholders will be able to control the outcome of matters on which our shareholders are entitled to vote, including the election of our entire board of directors and other significant corporate actions. The interests of each of these shareholders may be different from yours. Anti-takeover provisions in our organizational documents could make it difficult for our shareholders to replace or remove our current board of directors or could have the effect of discouraging, delaying or preventing a merger or acquisition, which could adversely