Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 64

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 64
---
 of surrenders) by Cohen & Company Inc.

       Nine Months Ended  
   September 30, 2025  
 Issuance as equity-based compensation   1,055,940 
 Total   1,055,940 

   The Company recognized a net increase in additional paid in capital of $512 and a net decrease in AOCI of $13 with an offsetting decrease in non-controlling interest of $499 in connection with the acquisition and surrender of additional units of the Operating LLC during the nine months ended  September 30, 2025. The following schedule presents the effects of changes in Cohen & Company Inc.’s ownership interest in the Operating LLC on the equity attributable to Cohen & Company Inc. for the nine months ended  September 30, 2025 and 2024.
    
   ﻿ 
   
      Nine Months Ended September 30, 
   2025    2024  
 Net income / (loss) attributable to Cohen & Company Inc.  $6,330  $1,824 
 Increase / (decrease) in Cohen & Company Inc. paid in capital for the acquisition / (surrender) of additional units in consolidated subsidiary, net   512   645 
 Changes from net income / (loss) attributable to Cohen & Company Inc. and transfers (to) from the non-controlling interest  $6,842  $2,469 

   ﻿ 

       40

   Equity Distribution Agreement
    
   On  October 5, 2023, the Company entered into an equity distribution agreement (the “Equity Agreement”) with Northland Securities, Inc. (trade name Northland Capital Markets), as sales agent (the “Sales Agent”), relating to the issuance and sale from time to time by the Company (the “ATM Program”), through the Sales Agent, of shares of the Company's Common Stock, having an aggregate offering price of up to $75,000 (collectively the “Shares”). Sales of the Shares, if any, under the Equity Agreement will be made in sales deemed to be “at-the-market offerings” as defined in Rule 415 under the Securities Act as agreed with the Sales Agent. In accordance with the applicable rules of the SEC, the Company is permitted to sell an aggregate of up to $4,712 in Shares under the Equity Agreement, which represents one-third of