Company: COHN
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001104659-25-051612
Chunk: 3

Company: Cohen & Co Inc.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 8.01
Chunk 3
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 Ordinary Shares, and (ii) the actual amount per share of
Class A Ordinary Shares held in the SPAC’s trust account as of the date of the liquidation of the trust account, if less than $10.00
per share due to reductions in the value of the SPAC’s trust assets, in each case net of taxes, provided that such liability will
not apply to any claims (A) by a third party or prospective target business who executed a waiver of any and all rights to the monies
held in the SPAC’s trust account or (B) under the SPAC’s indemnity of the underwriters of the IPO against certain liabilities,
including liabilities under the Securities Act of 1933, as amended.

The Sponsor loaned to the SPAC approximately $350,000 to cover IPO
expenses, which was repaid in full at the closing of the IPO. The Sponsor and its affiliates, including the Operating LLC, may commit
to loan the SPAC up to an additional $1,500,000 to cover operating and acquisition related expenses following the IPO. These loans will
bear no interest and, if the SPAC consummates a Business Combination in the required time frame, the loans are to be repaid from the funds
held in the SPAC’s trust account. If the SPAC does not consummate a Business Combination in the required time frame, no funds from
the SPAC’s trust account can be used to repay the loans.

In connection with the closing of the IPO, the Operating LLC and the
SPAC entered into an Administrative Services Agreement, dated May 15, 2025, a copy of which was filed as Exhibit 10.6 to the SPAC’s
Current Report on Form 8-K filed with the Securities and Exchange Commission on May 19, 2025, pursuant to which the Operating LLC and
the SPAC agreed that, commencing on the date that the SPAC’s securities are first listed on the Nasdaq Global Market through the
earlier of the SPAC’s consummation of a Business Combination and its liquidation, the SPAC will pay the Operating LLC $10,000 per
month for certain office space, administrative and shared personnel support services.

Forward-Looking Statements