Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2904

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 6
Chunk 2904
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 which the Operating LLC had previously agreed to pay to Vellar GP  in connection with the funding of certain Vellar GP litigation expenses from $2,121 to $1,084.
    
   Other 
    
   The Company invests in sponsor entities of SPACS, either directly or through its interest in the SPAC Series Funds, which are not otherwise affiliated with the Company, but are considered related parties because they are accounted for under the equity method.  As of  December 31, 2024, the Company owned 5.35% of these entities in the aggregate. Income earned, or loss incurred, on the equity method investment in these other SPAC sponsor entities is included in the table below.   

        F-
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   The following table displays the routine transactions recognized in the statements of operations from the identified related parties that are described above.
    
     RELATED PARTY TRANSACTIONS 
  (Dollars in Thousands) 

       For the Years Ended December 31,  
   2024    2023    2022  
             
 Asset management             
 CREO JV  $711  $113  $- 
 SPAC Fund   -   173   954 
 U.S. Insurance JV   1,165   1,201   1,069 
  $1,876  $1,487  $2,023 
 Principal transactions and other income             
 CREO JV  $617  $901  $32 
 Insurance SPAC III   -   -   220 
 Other SPAC Entities   5   50   160 
 SPAC Fund   -   28   (43)
 Stoa USA Inc./FlipOS   -   (6,847)  4,196 
 U.S. Insurance JV   17   463   11 
  $639  $(5,405) $4,576 
 Income (loss) from equity method affiliates             
 Dutch Real Estate Entities  $(759) $334  $(71)
 Insurance SPAC III   -   -   (5,896)
 Other SPAC Entities   22,463   15,275   (14,962)
  $21,704  $15,609