<SEC-DOCUMENT>0000950157-25-000868.txt : 20251015
<SEC-HEADER>0000950157-25-000868.hdr.sgml : 20251015
<ACCEPTANCE-DATETIME>20251015082010
ACCESSION NUMBER:		0000950157-25-000868
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20251015
FILED AS OF DATE:		20251015
DATE AS OF CHANGE:		20251015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Costamare Bulkers Holdings Ltd
		CENTRAL INDEX KEY:			0002033535
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-42581
		FILM NUMBER:		251393466

	BUSINESS ADDRESS:	
		STREET 1:		GILDO PASTOR
		STREET 2:		7 RUE DU GABIAN
		CITY:			MONACO
		STATE:			O9
		ZIP:			MC 98000
		BUSINESS PHONE:		377 92 00 1745

	MAIL ADDRESS:	
		STREET 1:		GILDO PASTOR
		STREET 2:		7 RUE DU GABIAN
		CITY:			MONACO
		STATE:			O9
		ZIP:			MC 98000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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    <div style="text-align: center; font-weight: bold;"><font style="font-size: 14pt;">UNITED STATES</font><br>
      <font style="font-size: 14pt;">SECURITIES AND EXCHANGE COMMISSION</font><br>
      Washington, D.C. 20549</div>
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    <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 6-K</div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR<br>
      15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">For the month of October 2025</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">Commission File Number: 001-42581</div>
    <div>&#160;<br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div>&#160;<br>
    </div>
    <div style="text-align: center; font-size: 24pt; font-weight: bold;">COSTAMARE BULKERS HOLDINGS LIMITED</div>
    <div style="text-align: center;">(Translation of registrant&#8217;s name into English)</div>
    <div><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="text-align: center;"><font style="font-weight: bold;">7 rue du Gabian, MC 98000 Monaco</font><br>
      &#160;(Address of principal executive office)</div>
    <div><br>
    </div>
    <div>
      <hr align="center" noshade="noshade" style="height: 2px; width: 15%; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"> </div>
    <div><br>
    </div>
    <div style="text-align: justify;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <br>
    <div>
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            <td style="width: 16.65%; vertical-align: top;">
              <div style="text-align: justify;">Form 20-F&#160;&#160; &#9746;</div>
            </td>
            <td style="width: 83.26%; vertical-align: top;">
              <div style="text-align: justify;">Form 40-F&#160;&#160; &#9744;</div>
            </td>
          </tr>

      </table>
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    </div>
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    <div style="text-align: center; font-weight: bold;"> <br>
    </div>
    <div style="text-align: center; font-weight: bold;">INCORPORATION BY REFERENCE</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The information contained in this Report on Form 6-K shall be incorporated by reference into our registration statement on Form F-3, as filed with the U.S. Securities and Exchange Commission on May 30, 2025 (File No.
      333-287685), to the extent not superseded by information subsequently filed or furnished (to the extent we expressly state that we incorporate such furnished information by reference) by us under the Securities Act of 1933 or the Securities Exchange
      Act of 1934, in each case as amended.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">EXHIBIT INDEX</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;" id="z0c7ff0f7fe3141029d9f58509d36e7d7">

        <tr>
          <td style="width: 7.57%; vertical-align: top;">
            <div><a href="ex99-1.htm">99.1</a></div>
          </td>
          <td style="width: 92.43%; vertical-align: middle;">
            <div><a href="ex99-1.htm">Statement of Designation of Rights, Preferences and Privileges of Series B Preferred Stock of Costamare Bulkers Holdings Limited</a></div>
          </td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7.57%; vertical-align: top;">&#160;</td>
          <td rowspan="1" style="width: 92.43%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td rowspan="1" style="width: 7.57%; vertical-align: top;">
            <div><a href="ex99-2.htm">99.2</a></div>
          </td>
          <td rowspan="1" style="width: 92.43%; vertical-align: middle;">
            <div><a href="ex99-2.htm">Stock Subscription Agreement, dated as of October 15, 2025, between Costamare Bulkers Holdings Limited and Konstantinos Konstantakopoulos</a></div>
          </td>
        </tr>

    </table>
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    </div>
    <font style="font-weight: bold;">Monaco, October 15, 2025 </font>&#8211; Costamare Bulkers Holdings Limited (&#8220;Costamare Bulkers&#8221; or the &#8220;Company&#8221;) (NYSE: CMDB) announced today that it has entered into a Stock Subscription Agreement (the &#8220;Purchase
    Agreement&#8221;) with Konstantinos Konstantakopoulos, pursuant to which Mr. Konstantakopoulos will purchase 235 shares of a new series of high-vote, non-economic preferred stock (the &#8220;Series B Preferred Stock&#8221;), for an aggregate purchase price of $235.
    <div><br>
    </div>
    <div style="text-align: justify;">Each share of Series B Preferred Stock shall entitle Mr. Konstantakopoulos to 50,000 votes on all matters submitted to a vote of the shareholders of the Company.&#160; The Series B Preferred Stock were established in
      connection with the announcement on October 10, 2025, by the Ministry of Transport in China relating to the collection of special port fees from U.S.-linked vessels. While the Company does not believe that its vessels are subject to the collection of
      special port fees, the issuance of the Series B Preferred Stock ensures that it is not possible for U.S. persons to control over 25% of the voting power of the Company because, following the completion of the purchase by Mr. Konstantakopoulos,
      members of the Konstantakopoulos family (none of whom are U.S. persons) will control approximately 76.4% of the Company&#8217;s issued and outstanding voting rights. Prior to the issuance of the shares of Series B Preferred Stock pursuant to the Purchase
      Agreement, the Konstantakopoulos family controlled approximately 65% of the Company&#8217;s issued and outstanding voting rights.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Series B Preferred Stock shall not have any dividend or distribution rights, and shall not be entitled to any distributions upon any liquidation, dissolution or winding up of the Company other than its par value.
      All shares of the Series B Preferred Stock are subject to redemption by the Company at any time in the sole discretion of the independent members of the Board of Directors of the Company (or a committee comprised thereof) and without the consent of
      the holders of Series B Preferred Stock, for a redemption price equal to $1 per share. Effective on the date that is the fifth anniversary of the date of issuance of the shares of Series B Preferred Stock, all rights and powers of any such shares
      that remain outstanding will automatically terminate and be of no further force or effect.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The Audit Committee of the Company, comprised solely of independent and disinterested directors, reviewed the Purchase Agreement and the Statement of Designation establishing the Series B Preferred Stock and
      unanimously recommended that the Board of Directors of the Company approve the designation and issuance of the Series B Preferred Stock and the execution of the Purchase Agreement.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The terms of the Series B Preferred Stock are set forth in a Statement of Designation of Rights, Preferences and Privileges of Series B Preferred Stock of the Company, dated as of October 15, 2025 (the &#8220;Statement of
      Designation&#8221;), a copy of which is attached hereto as Exhibit 99.1.</div>
    <div><br>
    </div>
    <div style="color: #000000; font-weight: bold;">Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify;">This report contains &#8220;forward-looking statements&#8221;. In some cases, you can identify these statements by forward-looking words such as &#8220;believe&#8221;, &#8220;intend&#8221;, &#8220;anticipate&#8221;, &#8220;estimate&#8221;, &#8220;project&#8221;, &#8220;forecast&#8221;, &#8220;plan&#8221;,
      &#8220;potential&#8221;, &#8220;may&#8221;, &#8220;should&#8221;, &#8220;could&#8221;, &#8220;expect&#8221; and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company&#8217;s beliefs regarding future results,
      many of which, by their nature, are inherently uncertain and outside of the Company&#8217;s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of
      the risks and important factors that could affect future results, see the discussion in the Company&#8217;s Registration Statement on Form 20-F (File No. 001-42581).</div>
    <div><br>
    </div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt;">
      <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
    </div>
    <div> <br>
    </div>
    <div> Date: October 15, 2025 </div>
    <div> <br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" id="z554f22d3ea064dc381b636e968b7bb3f" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;">

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            <td valign="top" style="font-weight: bold;" colspan="3">COSTAMARE BULKERS HOLDINGS LIMITED</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
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            <td valign="top" style="width: 50%;" rowspan="1">&#160;</td>
            <td valign="top" style="width: 3%;" rowspan="1">&#160;</td>
            <td valign="top" colspan="2" rowspan="1">&#160;</td>
            <td valign="top" style="width: 12%;" rowspan="1">&#160;</td>
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            <td align="left" valign="top" style="width: 50%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt"><br>
              </div>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td align="left" valign="top" nowrap="nowrap" style="border-bottom: 2px solid rgb(0, 0, 0);" colspan="2">/s/ Gregory G. Zikos <br>
            </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 4%;">Name:</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 31%;">Gregory G. Zikos</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
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            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 31%;">Chief Executive Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99-1.htm
<DESCRIPTION>STATEMENT OF DESIGNATION
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font></div>
  <div style="text-align: right;">
    <div>EXECUTION VERSION</div>
    <font style="font-weight: bold;"> </font></div>
  <div><br>
  </div>
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    <div style="text-align: center;"> <br>
    </div>
    <div style="text-align: center;">STATEMENT OF DESIGNATION OF RIGHTS, PREFERENCES AND PRIVILEGES OF SERIES B PREFERRED STOCK OF COSTAMARE BULKERS HOLDINGS LIMITED</div>
    <div><br>
    </div>
    <div>COSTAMARE BULKERS HOLDINGS LIMITED, a corporation organized and existing under the Business Corporations Act of the Republic of the Marshall Islands (the &#8220;<u>Company</u>&#8221;), in accordance with the provisions of Section 35 thereof and the Company&#8217;s
      Amended and Restated Articles of Incorporation (the &#8220;<u>Articles of Incorporation</u>&#8221;) do hereby certify:</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;That pursuant to the authority conferred by the Company&#8217;s Articles of Incorporation, the Company&#8217;s Board of Directors (the &#8220;<u>Board</u>&#8221;) on October 15, 2025 adopted the following resolution designating and
      prescribing the relative rights, preferences and privileges of the Company&#8217;s Series B Preferred Stock:</div>
    <div><br>
    </div>
    <div style="text-indent: 10.5pt;">RESOLVED, that pursuant to the authority vested in the Board by the Articles of Incorporation, the Board hereby establishes a series&#160;of preferred stock, par value U.S. $0.0001 per share, and fixes the designation and
      certain voting and other powers, preferences and other special rights of the shares of such series, and certain qualifications, limitations and restrictions thereon, as follows:</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 1.&#160; <u>Designation and Amount</u>.&#160; The shares of such series&#160;shall be designated as &#8220;<u>Series B Preferred Stock</u>&#8221;.&#160; The Series B Preferred Stock shall have a par value of U.S. $0.0001 per share, and the
      number of shares constituting such series&#160;shall initially be 10,000, which number the Board may&#160;from time to time increase or decrease (but not below the number then outstanding).</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 2.&#160; <u>Proportional Adjustment</u>.&#160; In the event the Company shall at any time after the issuance of any share or shares of Series B Preferred Stock (i)&#160;declare any dividend on the common stock of the Company,
      par value U.S. $0.0001 per share (the &#8220;<u>Common Stock</u>&#8221;), payable in shares of Common Stock, (ii)&#160;subdivide the outstanding Common Stock or (iii)&#160;combine the outstanding Common Stock into a smaller number of shares, then in each such case the
      Company shall simultaneously effect a proportional adjustment to the number of outstanding shares of Series B Preferred Stock.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 3.&#160; <u>Dividends and Distributions</u>.&#160; Subject to Section 6, the Series B Preferred Stock shall not have dividend or distribution rights.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 4.&#160; <u>Voting Rights</u>.&#160; The holders of shares of Series B Preferred Stock shall have the following voting rights:</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each share of Series B Preferred Stock shall entitle the holder thereof to 50,000 votes on all matters submitted to a vote of the shareholders of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise provided herein or required by law, the holders of shares of Series B Preferred Stock and the holders of shares of Common Stock shall vote together as one class&#160;on all matters submitted
      to a vote of shareholders of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">(c)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Except as otherwise provided herein or required by law, holders of Series B Preferred Stock shall have no special voting rights and their consent shall not be required (except to the extent they are entitled
      to vote with holders of Common Stock as set forth herein) for taking any corporate action.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #bfbfbf; background-color: #bfbfbf;"></div>
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    </div>
    <div style="text-indent: 72pt;">Section 5.&#160; <u>Reacquired Shares</u>.&#160; Any shares of Series B Preferred Stock purchased or otherwise acquired by the Company in any manner whatsoever shall be retired and canceled promptly after the acquisition
      thereof.&#160; All such shares shall upon their cancellation become authorized but unissued shares of preferred stock and may&#160;be reissued as part&#160;of a new series&#160;of preferred stock to be created by resolution or resolutions of the Board, subject to the
      conditions and restrictions on issuance set forth herein and, in the Articles of Incorporation, as then amended.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 6.&#160; <u>Liquidation, Dissolution or Winding Up</u>.&#160; Upon any liquidation, dissolution or winding up of the Company, the holders of shares of Series B Preferred Stock shall be entitled to receive a payment per
      share equal to the par value of $0.0001 per share. Holders of Series B Preferred Stock shall have no other rights to distributions upon any liquidation, dissolution or winding up of the Company.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 7.&#160; <u>Consolidation, Merger, etc</u>.&#160; In case the Company shall enter into any consolidation, merger, combination or other transaction in which the shares of Common Stock are exchanged for or changed into
      other stock or securities, cash and/or any other property, then in any such case the shares of Series B Preferred Stock shall at the same time be similarly exchanged or changed in an amount per share equal to the par value of $0.0001 per share.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 8.&#160; <u>Redemption; Automatic Termination of Rights</u>.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">(a)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;With respect to any shares of Series B Preferred Stock, at any time and from time to time during the period commencing on the date of issuance of such shares (the &#8220;<u>Issuance Date</u>&#8221;) and ending on the
      date that is the fifth anniversary of the Issuance Date, the Company, acting through the independent members of the Board (or a committee thereof comprised solely of independent members) in its sole and absolute discretion and without the consent of
      the holders of Series B Preferred Stock, may redeem, out of funds legally available therefor, all or any portion of such shares.&#160; The per share redemption price shall be equal to $1 per share of Series B Preferred Stock (the &#8220;<u>Redemption Price</u>&#8221;).&#160;


      The Redemption Price shall be paid in cash on the redemption date specified in the Company&#8217;s written notice of redemption, which notice shall be delivered to each holder of record of such shares not less than five (5) days prior to the redemption
      date and shall state the number of shares to be redeemed, the redemption date and the Redemption Price.&#160; From and after the redemption date, such shares shall no longer be deemed outstanding and all rights of the holders thereof as holders of Series
      B Preferred Stock shall cease, other than the right to receive the Redemption Price, without interest, upon surrender of such shares.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Notwithstanding anything to the contrary herein, with respect to any shares of Series B Preferred Stock, effective on the date that is the fifth anniversary of the Issuance Date (the &#8220;<u>Termination Date</u>&#8221;),


      all rights and powers of such shares designated hereunder, and all obligations of the Company with respect thereto, shall automatically terminate and be of no further force or effect, and such shares shall thereafter be void and of no further effect;
      <u>provided</u>, that nothing in this Section 8(b) shall impair the rights of any holder of such shares to receive the Redemption Price for any such shares duly called for redemption prior to the Termination Date in accordance with Section 8(a) above
      and not yet paid, which rights shall survive solely to the extent necessary to effect such payment.</div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 9.&#160; <u>Ranking</u>.&#160; The Series B Preferred Stock shall rank junior to all other series&#160;of the Company&#8217;s preferred stock, unless the terms of any such series&#160;shall provide otherwise (including ranking junior to
      all other series of the Company&#8217;s preferred stock with respect to payments under Section 6).</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 10.&#160; <u>Transferability</u>.&#160; Notwithstanding anything to the contrary in this Statement of Designation, holders of Series B Preferred Stock shall not Transfer (as defined below) the Series B Preferred Stock to
      any person or entity.&#160; Any purported Transfer of the Series B Preferred Stock shall be null and void and shall have no force or effect.&#160; &#8220;Transfer&#8221; shall mean directly or indirectly (a) any sale, assignment, encumbrance, hypothecation, pledge,
      conveyance in trust, gift or other transfer or disposition of any kind, including, but not limited to, transfers to receivers, levying creditors, trustees or receivers in bankruptcy proceedings or general assignees for the benefit of creditors,
      whether voluntary or by operation of law, directly or indirectly, of Series B Preferred Stock or (b) any change in the record or beneficial ownership of the Series B Preferred Stock after its Issuance Date, in each case that is not approved in
      advance by the Board.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 11.&#160; <u>Amendment</u>.&#160; The Articles of Incorporation of the Company shall not be further amended in any manner which would materially alter or change the powers, preference or special rights of the Series B
      Preferred Stock so as to affect them adversely without the affirmative vote of the holders of a majority of the outstanding shares of Series B Preferred Stock, voting separately as a class.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Section 12.&#160; <u>Fractional Shares</u>.&#160; Series B Preferred Stock may&#160;be issued in fractions of a share which shall entitle the holder, in proportion to such holder&#8217;s fractional shares, to exercise voting rights and to
      have the benefit of all other rights of holders of Series B Preferred Stock.</div>
    <div><br>
    </div>
    <div style="text-indent: 73.5pt;">RESOLVED FURTHER, that the Board hereby authorizes and directs any officer of this Company to prepare and file a Statement of Designation of Rights, Preferences and Privileges in accordance with the foregoing
      resolution and the provisions of Marshall Islands law and to take such actions as they may&#160;deem necessary or appropriate to carry out the intent of the foregoing resolution.</div>
    <div><br>
    </div>
    <div style="text-align: center; font-style: italic;">REMAINDER OF PAGE&#160;INTENTIONALLY LEFT BLANK</div>
    <div><br>
    </div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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    </div>
    <div style="text-indent: 73.5pt;">IN WITNESS WHEREOF, the undersigned, being duly authorized thereto, declares, under penalty of perjury, that the foregoing Statement of Designation is the act and deed of the Company and that the facts stated therein
      are true and correct.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">Executed on October 15, 2025.</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" colspan="3">
              <div style="text-align: left; font-weight: bold;">COSTAMARE BULKERS HOLDINGS LIMITED</div>
            </td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
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            <td align="left" valign="top" style="width: 50%; padding-bottom: 2px;"><br>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td align="left" valign="top" nowrap="nowrap" colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);">/s/ Gregory G. Zikos </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" rowspan="1" style="width: 50%;">&#160;</td>
            <td valign="top" rowspan="1" style="width: 3%;">&#160;</td>
            <td align="left" valign="bottom" nowrap="nowrap" colspan="2" rowspan="1" style="width: 4%;">Authorized Person</td>
            <td valign="top" rowspan="1" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 4%;">Name:</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 31%;">Gregory G. Zikos</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 31%;">Chief Executive Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>ex99-2.htm
<DESCRIPTION>STOCK SUBSCRIPTION AGREEMENT
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 99.2</font></div>
  <div style="text-align: right;">
    <div> EXECUTION VERSION</div>
    <font style="font-weight: bold;"> </font></div>
  <div><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="text-indent: 36pt; margin-left: 108pt;">STOCK SUBSCRIPTION AGREEMENT dated as of October 15,&#160;2025 (this &#8220;<u>Agreement</u>&#8221;), between Costamare Bulkers Holdings Limited, a Marshall Islands corporation (the &#8220;<u>Company</u>&#8221;), and Konstantinos
      Konstantakopoulos (the &#8220;<u>Stockholder</u>&#8221;).</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">The Stockholder hereby subscribes for and offers to purchase, and the Company hereby accepts such offer and agrees to issue to the Stockholder, two hundred thirty five (235)&#160;shares of its Series B Preferred Stock, par
      value $0.0001&#160;per share (the &#8220;<u>Subscription Shares</u>&#8221;), in a private sale (the &#8220;<u>Private Placement</u>&#8221;), in consideration of the payment by the Stockholder to it in the amount of $235.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">The Company hereby represents and warrants to the Stockholder that:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">this Agreement has been duly authorized, executed and delivered by the Company;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;"><font style="font-size: 8pt;">&#160;</font>the Company has full right, power and authority to execute and delivery this
        Agreement and make the Private Placement and to perform its obligations hereunder and thereunder, and all action required to be taken for the due and proper authorization of this Agreement and the Private Placement and the consummation by the
        Company of the transactions contemplated hereby and thereby has been duly and validly taken; and</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">the Subscription Shares have been duly and validly authorized and, when issued and delivered against payment thereof as
        provided herein, will be duly and validly issued and fully paid and non-assessable, and not subject to any statutory pre-emptive or similar rights.</font></div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">The Stockholder hereby represents and warrants to the Company that:</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(a)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">this Agreement has been duly executed and delivered by the Stockholder;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(b)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">the Stockholder has full right and capacity to execute and deliver this Agreement and to perform his obligations
        hereunder, and all actions required to be taken for the due and proper execution and delivery of this Agreement by the Stockholder and the consummation by him of the transactions contemplated hereby has been duly and validly taken;</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(c)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">the Stockholder (i) is a sophisticated investor and has such knowledge and experience in financial and business matters
        so as to be capable of evaluating the merits, rights and suitability of investing in the Subscription Shares and (ii) is able to bear the economic risks of an entire loss of his investment in the Subscription Shares; and</font></div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; margin-left: 36pt;"><font style="color: #000000;">(d)</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: #000000;">the purchase of Subscription Shares by the Stockholder pursuant to this Agreement will be for the Stockholder&#8217;s own
        account, and the Stockholder is not acquiring the Subscription Shares with a view to any distribution thereof in a transaction that would violate the U.S. Securities Act of 1933, as amended.</font></div>
    <div><br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    <div><br>
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    <div style="text-indent: 72pt;">This Agreement may be executed in one or more counterparts, each of which when so executed and delivered shall be an original, but all such counterparts shall together constitute but one and the same instrument.</div>
    <div><br>
    </div>
    <div style="text-indent: 72pt;">This Agreement shall be governed by, and construed in accordance with, the internal laws of the Marshall Islands without regard to principles of conflict of law.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: center;">[<font style="font-style: italic;">Remainder of page intentionally left blank; signature page follows</font>]</div>
    <div style="text-align: center;"> <br>
    </div>
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      <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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    <div style="text-indent: 72pt;">IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date hereof.</div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;">

          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" colspan="3" style="font-weight: bold;">COSTAMARE BULKERS HOLDINGS LIMITED</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" colspan="2">&#160;</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
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            <td align="left" valign="top" style="width: 50%; padding-bottom: 2px;"><br>
            </td>
            <td valign="top" style="width: 3%; padding-bottom: 2px;">
              <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
            </td>
            <td align="left" valign="top" nowrap="nowrap" colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);">/s/ Gregory G. Zikos </td>
            <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 4%;">Name:</td>
            <td align="left" valign="bottom" nowrap="nowrap" style="width: 31%;">Gregory G. Zikos</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" style="width: 50%;">&#160;</td>
            <td valign="top" style="width: 3%;">&#160;</td>
            <td valign="top" style="width: 4%;">Title:</td>
            <td valign="top" style="width: 31%;">Chief Executive Officer</td>
            <td valign="top" style="width: 12%;">&#160;</td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="width: 100%; border-collapse: separate; font-family: 'Times New Roman'; font-size: 10pt;">

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              <td align="left" valign="top" style="width: 50%; padding-bottom: 2px;"><br>
              </td>
              <td valign="top" style="width: 3%; padding-bottom: 2px;">
                <div align="left" style="margin-left: 0pt; text-indent: 0pt; margin-right: 0pt">By: </div>
              </td>
              <td align="left" valign="top" nowrap="nowrap" colspan="2" style="border-bottom: 2px solid rgb(0, 0, 0);">/s/ Konstantinos Konstantakopoulos </td>
              <td valign="top" style="width: 12%; padding-bottom: 2px;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td align="left" valign="bottom" nowrap="nowrap" style="width: 4%;">Name:</td>
              <td align="left" valign="bottom" nowrap="nowrap" style="width: 31%;">Konstantinos Konstantakopoulos, as Stockholder</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
            <tr>
              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" style="width: 4%;"><br>
              </td>
              <td valign="top" style="width: 31%;"><br>
              </td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>
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              <td valign="top" style="width: 50%;">&#160;</td>
              <td valign="top" style="width: 3%;">&#160;</td>
              <td valign="top" colspan="2">&#160;</td>
              <td valign="top" style="width: 12%;">&#160;</td>
            </tr>

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      <div style="text-align: center;">[<font style="font-style: italic;">Signature page to CMDB Stock Subscription Agreement</font>]</div>
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</SEC-DOCUMENT>
