Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1187

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1A
Chunk 1187
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      If additional cash is not available, our business and financial performance will be significantly harmed. 

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      Failure to obtain or maintain adequate capital and funding would adversely affect the growth and results of our operations. 

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      The lack of liquidity in certain investments may adversely affect our business, financial condition and results of operations. 

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     Our investments in the equity interests of SPACs and SPAC Sponsor Entities may expose us to increased risks and liabilities.

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     Our investments in SPAC Sponsor Entities are highly speculative, subject to total loss, and completely illiquid prior to business combination.

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     Our investments in post-business combination SPACs are carried at fair value but subject to sale restrictions which could result in significant losses to our business.

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     Our failure to deal appropriately with actual, potential, or perceived conflicts of interest could damage our reputation and materially adversely affect our business.  

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     Our strategic relationship with Cohen Circle, LLC ("Cohen Circle"), formerly Fintech Masala, LLC could result in conflicts of interest and termination of such relationship could result in losses to our businesses. 

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      If we are unable to manage the risks of international operations effectively, our business could be adversely affected. 

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      The securities settlement process exposes us to risks that may adversely affect our business. 

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      We are exposed to the risk that third parties that are indebted to us will not perform their obligations. 

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      We are exposed to various risks related to margin requirements under repurchase agreements and securities financing arrangements and are highly dependent on our clearing relationships.   

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      We have market risk exposure from unmatched principal transactions entered into by our brokerage desks. 

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      Pricing and other competitive pressures may impair the revenues and profitability of our brokerage business. 

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      Increase in capital commitments in our trading business increases the potential for significant losses. 

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      Our principal trading and investments expose us to risk of loss. 

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      Our principal investments are subject to various risks and expose us to a significant risk of capital loss. 

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      Historical returns of our funds and managed accounts may not be indicative of their future results. 

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      There is increasing regulatory supervision of alternative asset management companies. 

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      Asset management clients generally may redeem their investments, which could reduce our asset management fee revenues. 

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      The investment management business