Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 255

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 255
---
      Other Investments - 

      CREO JV 
      NA 

     -

     6,432

     6,432

     -

     -

     -

     6,432

      NA 

      Dutch Real Estate 
      NA 

     -

     -

     -

     5,105

     -

     -

     5,105

      NA 

      U.S. Insurance JV 
      NA 

     -

     2,825

     2,825

     -

     -

     -

     2,825

      NA 

      Other 
      NA 

     73

     538

     611

     621

     -

     -

     1,232

      NA 

      Subtotal 

     73

     9,795

     9,868

     5,725

     -

     -

     15,593

      Total Investment Portfolio 
      
     $
     16,766

     $
     18,496

     $
     35,262

     $
     23,430

     $
     (1,651
     )
      
     $
     (11,462
     )
      
     $
     45,579

Investment in Post-Business Combination SPACs. These are investments in publicly traded companies that were issued in connection with business combinations with SPACs. A significant portion of this equity was received as consideration for services provided by CCM. The portion that is not related to CCM consideration, is related to allocations of founder shares to us, for a nominal purchase price, from the SPAC sponsor entities in which the SPAC Series Funds invested. An investment in post-business combination SPACs is classified as other investments, at fair value after we receive our allocation of the post-business combination publicly traded company shares. During the period between the closing of the business combination and receiving our allocation of shares in the post-business combination publicly traded company, an investment in post-business combination SPACs is classified as an investment in equity method affiliates, representing an investment in the sponsor of the SPAC, entitling us to an eventual allocation of post-business combination public company shares. As of December 31, 2024, our investment in the public equity of post-business combination SPACs was valued at $23.8 million as a component of other investments, at fair value, $15.1 million of which was received as consideration for services provided by CCM,