Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 182

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 182
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  may be required to make with respect to any of those liabilities. The Company will pay the Sales Agent a commission of 2.5% of the gross offering proceeds of the Shares sold through the Sales Agent pursuant to the Equity Agreement.
    
   The offering of the Common Stock pursuant to the Equity Agreement will terminate upon the sale of all of the Shares pursuant to the Equity Agreement, unless sooner terminated in accordance with the terms and conditions of the Equity Agreement.
    
   During the three months ended  March 31, 2025 and 2024, no Shares were sold under the Equity Agreement.

   Detail of Non-Controlling Interest 
    
   The Company has two major categories of non-controlling interest.  Convertible non-controlling interest represents the portion of the Operating LLC not owned by the Company.  The convertible non-controlling interest is exchangeable in certain circumstances into Common Stock.  Non-convertible non-controlling interest represents the portion of various subsidiaries of the Operating LLC that are not owned by the Operating LLC.  The non-convertible non-controlling interest is not exchangeable into Common Stock. 
    
   ROLLFORWARD OF NON-CONTROLLING INTERESTS
   (Dollars in Thousands)

       Operating LLC    Other Consolidated Subsidiaries    Total  
 December 31, 2024  $37,093  $11,462  $48,555 
 Non-controlling interest share of income (loss)   782   (173)  609 
 Other comprehensive (loss)   82   -   82 
 Acquisition / (surrender) of additional units of consolidated subsidiary   (489)  -   (489)
 Equity-based compensation   814   -   814 
 Shares withheld for employee taxes   (238)  -   (238)
 Distributions to convertible non-controlling interest of Cohen & Company Inc.   (1,796)  -   (1,796)
 Redemption of convertible non-controlling interest units   (954)  -   (954)
 Sale of interest in Vellar GP   -   (1,691)  (1,691)
 Non-convertible non-controlling interest distributions   -   (1,236)  (1,236)
 March 31, 2025  $35