Company: COHN
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001104659-25-051612
Chunk: 2

Company: Cohen & Co Inc.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 8.01
Chunk 2
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 to amend the SPAC Articles
to (A) modify the substance or timing of the SPAC’s obligation to allow redemption in connection with its initial Business
Combination or to redeem 100% of the SPAC’s public shares if the SPAC has not consummated an initial Business Combination within
24 months from the completion of the IPO, or (B) with respect to any other material provisions relating to the rights of holders
of Class A Ordinary Shares or pre-initial Business Combination activity. If the SPAC does not complete a Business Combination, the
Placement Units will expire and be worthless.

The Sponsor holds an aggregate of 8,333,333 founder shares in the SPAC.
Subject to certain limited exceptions, the founder shares will not be transferable or salable until the earlier to occur of: (i) six months
after the completion of the IPO, and (ii) the date on which the SPAC completes a liquidation, merger, share exchange or other similar
transaction after its initial Business Combination that results in all of the SPAC’s shareholders having the right to exchange their
Class A Ordinary Shares underlying the founder shares for cash, securities or other property.

Certain non-controlling interests in the Sponsor, including executives
and key employees of the Operating LLC, purchased membership interests in the Sponsor, either directly or indirectly, and have an interest
in the SPAC’s founder shares through such membership interests in the Sponsor. The number of the SPAC’s founders shares in
which such non-controlling interests in the Sponsor, including such executives and key employees of the Operating LLC, have an interest
in through the Sponsor will not be finally and definitively determined until consummation of a Business Combination. The number of the
SPAC’s founder shares currently allocated to the Operating LLC is 3,151,666, but such number of founder shares will also not be
finally and definitively determined until the consummation of a Business Combination.

In connection with the IPO, the Sponsor has agreed to indemnify the
SPAC for all claims by third parties for services rendered or products sold to the SPAC, or a prospective target business with which the
SPAC has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement (except
for the SPAC’s independent registered public accounting firm), to the extent such claims reduce the amount of funds in the SPAC’s
trust account to below the lesser of (i) $10.00 per share of Class A