Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2140

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 3
Chunk 2140
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 and 2022, respectively.
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   Interest Expense, Net 
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   Interest expense incurred is shown in the table below by instrument for the years ended  December 31, 2024, 2023, and 2022. 
    
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    INTEREST EXPENSE 
 (Dollars in Thousands) 

       Year Ended December 31,  
   2024    2023    2022  
 Junior subordinated notes  $4,695  $5,247  $3,442 
 2020/2024 Notes   740   450   458 
 2017 Convertible Note   -   -   327 
 Byline Credit Facility   76   338   247 
 Redeemable Financial Instrument - JKD Capital I LTD   310   491   508 
  $5,821  $6,526  $4,982 

        F-
       51

   21. EQUITY 
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   Common Stock 
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   The holders of the Common Stock are entitled to one vote per share on all matters presented to the Company's stockholders. These holders are entitled to receive distributions on such stock when, as, and if authorized by the Company’s board of directors out of funds legally available and declared by the Company, and to share ratably in the assets legally available for distribution to the Company’s stockholders in the event of its liquidation, dissolution, or winding up after payment of or adequate provision for all of the Company’s known debts and liabilities, including the preferential rights on dissolution of any class or classes of preferred stock. The holders of the Common Stock have no preference, conversion, exchange, sinking fund, redemption, or, so long as the Common Stock remains listed on a national exchange, appraisal rights and have no preemptive rights to subscribe for any of the Company’s securities. Shares of the Common Stock have equal dividend, liquidation, and other rights.
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   Preferred Stock 
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   Series C Junior Participating Preferred Stock: Series C Junior Participating Preferred Stock (“Series C Preferred Stock”) was authorized by the Company’s board of directors in connection with the Stockholder Rights Plan discussed below. The Series C Preferred Stock has a par value of $0.001 per share and 10,000 shares were authorized as of