Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2573

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 5
Chunk 2573
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 LLC an additional $2,250 and (ii) in consideration for such funds, the Operating LLC issued to JKD Investor an amended and restated senior promissory note in the aggregate principal amount of $4,500 (the “Amended and Restated Note”), which Amended and Restated Note amended and restated the JKD Note in its entirety.  The 2022 Purchase Agreement contains customary representations and warranties on the part of each of JKD Investor and the Operating LLC. The Company used these proceeds to retire the $2,250 of 2020 Senior Notes held by RNCS.  See notes 20 and 31.
    
   On  January 5, 2024, the Operating LLC and JKD Investor entered into an amendment to the Amended and Restated Note, pursuant to which the Amended and Restated Note was amended to (a) extend (i) the maturity date thereof from  January 31, 2024 to  January 31, 2026, (ii) the date following which the Amended and Restated  may be redeemed by JKD Investor from  January 31, 2023 to  January 31, 2025, and (iii) the date following which the Amended and Restated Note  may be prepaid by the Operating LLC from  January 31, 2023 to  January 31, 2025; and (b) increase the interest rate payable under the Amended and Restated Note from 10% per annum to 12% per annum effective as of  January 31, 2024.

        F-
       21

   5. NET TRADING 
   ﻿ 
   Net trading consisted of the following in the periods presented.
   ﻿
    NET TRADING 
 (Dollars in Thousands) 

       Year Ended December 31,  
   2024    2023    2022  
 Net realized gains / (losses)- trading inventory  $19,163  $18,962  $12,583 
 Net unrealized gains / (losses)-trading inventory   1,742   (2,087)  (2,463)
 Gains and losses   20,905   16,875   10,120 
             
 Interest income-trading inventory   4,375   4,250   2,888 
 Interest income