Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1762

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 2
Chunk 1762
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. We make principal investments (including sponsor and other investments in SPACs) to generate returns.  We may need to raise additional debt or equity financing in order to ensure we have the capital necessary to take advantage of attractive investment opportunities.

     (4)
     To fund mergers or acquisitions. We may opportunistically use capital to acquire other asset managers, individual asset management contracts, or financial services firms. To the extent our liquidity sources are insufficient to fund our future merger or acquisition activities, we may need to raise additional funding through an equity or debt offering. No assurances can be given that additional financing will be available in the future, or that, if available, such financing will be on favorable terms.

     (5)
     To fund potential dividends and distributions. We sometimes pay dividends.  Each time a cash dividend was declared by our board of directors, a pro rata distribution was made to the other members of the Operating LLC upon payment of dividends to our stockholders. 

     (6)
     To fund potential repurchases of Common Stock.  We have opportunistically repurchased Common Stock in private transactions.  See note 21 to our consolidated financial statements included in this Annual Report on Form 10-K.

     (7)
     To pay off debt as it matures.  We have indebtedness that must be repaid as it matures. See note 20 to our consolidated financial statements included in this Annual Report on Form 10-K.

      63

If we are unable to raise sufficient capital on economically favorable terms, we may need to reduce the amount of capital invested for the uses described above, which may adversely impact earnings and our ability to pay dividends.

﻿ 

As of December 31, 2024 and December 31, 2023, we maintained cash and cash equivalents of $19,590 and $10,650, respectively. We generated cash from or used cash for the activities described below.

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      SUMMARY CASH FLOW INFORMATION 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      2022 

      Cash flow from operating activities 
      
     $
     9,475

     $
     (39,660
     )
      
     $
     (23,488
     )

      Cash flow from investing activities 

     16,506

     38,123

     13,798

      Cash flow from financing activities