Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1742

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1742
---
$21,704 for the year ended December 31, 2024, as compared to $15,609 for the year ended December 31, 2023.  See note 12 to our consolidated financial statements included in this Annual Report on Form 10-K.

      Year Ended December 31, 

      2024 

      2023 

      Change 

      SPAC Sponsor Entities 
      
     $
     22,463

     $
     15,275

     $
     7,188

      Dutch Real Estate Entities 

     (759
     )

     334

     (1,093
     )

     $
     21,704

     $
     15,609

     $
     6,095

SPAC sponsor entities includes both indirect and direct investments in SPAC sponsor entities. Several of these SPAC sponsor entities are invested in SPACs that have completed their business combinations.  Those SPAC sponsor entities hold restricted and unrestricted equity interests in the public post-merger entities.  We account for our investments in SPAC sponsor entities under the equity method of accounting.  If the SPAC sponsor entity distributes SPAC shares to us, we account for those SPAC shares as a component of other investments, at fair value.  The following table shows the equity method income or loss included in other SPAC sponsor entities above broken out by the ultimate public company investee.  For several of the investments described below, we also had an investment in the same company accounted for at fair value as a component of other investments, at fair value during the periods presented.  See discussion of principal transactions above.

      Year Ended December 31, 

      2024 

      2023 

      Change 

      Rezolve AI Limited (NASDAQ: RZLV) 
      
     $
     3,468

     $
     (83
     )
      
     $
     3,551

      Critical Metals Corp. (NASDAQ: CRML) 

     4,785

     (72
     )

     4,857

      Zoomcar Holdings, Inc. (NASDAQ: ZCAR) 

     (2,516
     )

     10,013

     (12,529
     )

      Syntec Optics Holdings, Inc. (NASDAQ: OPTX) 

     (14
     )

     4,304

     (4,318
     )