Company: COHN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-035625
Chunk: 89

Company: Cohen & Co Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 89
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 & Company, LLC a Senior Promissory Note in the aggregate principal amount of $2,250 (the “JKD Note”); and (ii) RNCS purchased from Cohen & Company, LLC a Senior Promissory Note in the aggregate principal amount of $2,250 (the “RNCS Note”). On January 31, 2022, Cohen & Company, LLC and JKD Investor entered into a Note Purchase Agreement (the “2022 JKD Purchase Agreement”), pursuant to which, among other things, on such date, (i) JKD Investor paid to Cohen & Company, LLC an additional $2,250, and (ii) in consideration for such funds, Cohen & Company, LLC issued to JKD Investor an Amended and Restated Senior Promissory Note in the aggregate principal amount of $4,500 (the “Amended and Restated JKD Note”), which Amended and Restated JKD Note amended and restated the JKD Note in its entirety. Pursuant to the 2022 JKD Purchase Agreement, Cohen & Company, LLC paid in full all amounts outstanding under the RNCS Note on January 31, 2022. Additional information regarding JKD Investor’s investment in Cohen & Company, LLC pursuant to the Amended and Restated Note is included in note 20 to the Company’s audited financial statements for the year ended December 31, 2024 in the 2024 Form 10-K. The Company incurred interest expense relating to the JKD Note in the amount of $534 in 2024 and $450 in 2023. On January 5, 2024, the Cohen & Company, LLC and JKD Investor entered into the Amendment No. 1 to Amended and Restated JKD Note, pursuant to which the Amended and Restated JKD Note was amended to (A) extend (i) the maturity date thereof from January 31, 2024 to January 31, 2026, (ii) the date 54 TABLE OF CONTENTS following which the Amended and Restated JKD Note may be redeemed by JKD Investor from January 31, 2023 to January 31, 2025, and (iii) the date following which the Amended and Restated JKD Note may be prepaid by the Cohen & Company, LLC from January 31, 2023 to January 31, 2025; and (B) increase the interest rate payable under the Amended and