Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 184

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 184
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 to which the Operating LLC redeemed the JKD Investment Agreement in its entirety.  As of  September 1, 2024, the investment balance of the JKD Investment Agreement was $7,719. Pursuant to the Redemption Agreement, the Company (i) paid $2,573 of the investment balance in cash and (ii) issued a senior promissory note (the “2024 Note”) in the aggregate principal amount of $5,146, representing the remaining balance then-payable under the JKD Investment Agreement. The 2024 Note bears interest at 12% and its principal was to be repaid as follows: (i) $2,573 of the principal amount was to be due and payable on  August 31, 2025, and (ii) $2,573 will be due and payable on  August 31, 2026.  The 2024 Note  may, with at least 31 days’ prior written notice to the holder of the 2024 Note, be prepaid in whole or in part without penalty or premium.  The Company prepaid the $2,573 of the principal amount that was otherwise due under the 2024 Note on  August 31, 2025 during the three months ended  June 30, 2025.  See note 15. 

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   5. NET TRADING 
   ﻿ 
   Net trading consisted of the following in the periods presented.
   ﻿
   NET TRADING
   (Dollars in Thousands)

        Three Months Ended June 30, 

        Six Months Ended June 30, 

        2025 

        2024 

        2025 

        2024 

        Net realized gains (losses) - trading inventory 
        
       $
       4,237

       $
       1,247

       $
       8,465

       $
       6,662

        Net unrealized gains (losses) - trading inventory 

       1,682

       3,762

       2,307

       4,728

        Net gains and losses 

       5,919

       5,009

       10,772

       11,390

        Interest income- trading inventory 

       1,259

       1,103

       2,089

       2,510

        Interest income-reverse