Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2466

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2466
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 cases, we record advisory revenue equal to the fair value of the instruments received.  Subsequent to receipt, the instruments are carried at fair value as a component of other investments, at fair value in our consolidated balance sheets. Any change in the fair value of these instruments subsequent to recording the new issue revenue will be recorded as principal transactions gain or loss in our consolidated statement of operations.  Further, the financial instruments we receive in these cases are often either (i) common stock investments that are restricted for resale for some period of time; (ii) convertible or non-convertible debt investments that are not publicly traded; (iii) equity investments in special purpose entities that are not publicly traded; or (iv) unrestricted common stock investments in public companies with low trading volumes.  As a result of the above, it may take us a significant period of time to liquidate these financial instruments.  We may suffer significant principal transactions loss prior to final liquidation of these financial instruments.  See Principal Transactions and Other Income below.   

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      55

Principal Transactions and Other Income 

﻿ 

Principal transactions and other income increased by $45,801 to $16,454 for the year ended December 31, 2023, as compared to ($29,347) for the year ended December 31, 2022.

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      PRINCIPAL TRANSACTIONS & OTHER INCOME 

      (Dollars in Thousands) 

      For the Year Ended December 31, 

      2023 

      2022 

      Change 

      Interests in public companies: 

      Next.e.GO N.V. (OTC: EGOXF) 
      
     $
     (665
     )
      
     $
     -

     $
     (665
     )

      Captivision Inc. (NASDAQ: CAPT) 

     376

     -

     376

      Nuburu, Inc. (NYSE American: BURU) 

     (485
     )

     -

     (485
     )

      Rubicon Technologies (OTC: RBTC) 

     (2,897
     )

     (1,576
     )

     (1,321
     )

      FOXO Technologies Inc. (NYSE American: FOXO) 

     -

     (1,092
     )

     1,092

      Other 

     (