Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 240

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 240
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 principal transactions and other income in the table below.  See note 11.
    
   U.S. Insurance JV 
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   U.S. Insurance JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with the U.S. Insurance JV.  Income earned or loss incurred on the investment is included as part of principal transactions and other income in the table below.  Revenue earned on the management contract is included as part of asset management and is shown in the table below.  As of  June 30, 2025, the Company owned 1.83% of the equity of the U.S. Insurance JV.
    
   CREO JV
    
   CREO JV is considered a related party because it is an equity method investment of the Company. The Company has an investment in and a management contract with CREO JV.  Income earned or loss incurred on the investment is included as part of principal transactions and other income in the table below.  As of  June 30, 2025, the Company owned 7.5% of the equity of CREO JV.
    
   Columbus Circle SPAC
    The Columbus Circle SPAC is a related party as it is an equity method investment of the Company. As of  June 30, 2025, the Company owned 73.8% of the equity in the Columbus Circle SPAC. Income earned or loss incurred on equity method investments is included in the table below.  The Company has entered into an administrative services agreement with the Columbus Circle SPAC.  Revenue earned by the Company from this agreement is included as part of principal transactions and other income in the table below. The Company loaned to the Columbus Circle SPAC approximately $350 to cover IPO expenses, which was repaid in full at the closing of the IPO. The Company committed to loan the Columbus Circle SPAC up to an additional $1,500 to cover operating and acquisition related expenses following the IPO. These loans will bear no interest and, if the Columbus Circle SPAC consummates a business combination in the required time frame, the loans are to be repaid from the funds held in the trust account. If the Columbus Circle SPAC does not consummate a business combination in the required time frame, no funds from the trust account can be used to repay the loans