Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 268

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 268
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 information contained in this report and the other reports and documents filed by us with the SEC, including Forms ADV filed by CCFM and DCM, should be considered carefully.

Summary of Risk Factors

The following summary highlights some of the principal risks that could adversely affect our business, financial condition or results of operations. This summary is not complete and the risks summarized below are not the only risks we face. 

Risks Related to Our Business and Our Industry:

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      Difficult market conditions have adversely affected our business and may continue to do so. 

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      Economic slowdown, market volatility, a recession and increasing interest rates may impair investments and operating results. 

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      We may experience write downs of financial instruments and other losses due to the volatile and illiquid market conditions. 

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      We have incurred losses for certain periods covered by this report and in the recent past and may incur losses in the future. 

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      Continued difficulties in our Capital Markets segment due to intense competition has resulted in significant strain on our administrative, operational and financial resources and these difficulties may continue in the future. 

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      Our gestation repo business serves a narrow market and is likely subject to highly volatile demand. 

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      Our mortgage group’s revenue is highly dependent on the U.S. housing market, generally. 

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      Our Capital Markets segment depends significantly on a limited group of customers. 

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     Underwriting activities expose us to risk.  

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      Failure to retain senior management and qualified personnel may result in our not being able to execute our business strategy. 

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      Payment of severance could strain our cash flow. 

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      If additional cash is not available, our business and financial performance will be significantly harmed. 

      ● 
      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.