Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 262

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 262
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 the investment balance of the JKD Investment Agreement was $7,719. Pursuant to the Redemption Agreement, we (i) paid $2,573 of the investment balance in cash and (ii) issued a senior promissory note (the “2024 Note”) in the aggregate principal amount of $5,146, representing the remaining balance payable under the JKD Investment Agreement. The 2024 Note bears interest at 12% and its principal was to be repaid as follows: (i) $2,573 of the principal amount was to be due and payable on August 31, 2025, and (ii) $2,573 will be due and payable on August 31, 2026.  The 2024 Note may, with at least 31 days’ prior written notice to the holder of the 2024 Note, be prepaid in whole or in part at any time without penalty or premium.  We prepaid the $2,573 of the principal amount that was otherwise due under the 2024 Note on August 31, 2025 during the three months ended June 30, 2025.  See note 15. 

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Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024

The following table sets forth information regarding our consolidated results of operations for the six months ended June 30, 2025 and 2024. 

COHEN & COMPANY INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited) 

      Six Months Ended June 30, 

      Favorable / (Unfavorable) 

      2025 

      2024 

      $ Change 

      % Change 

      Revenues 

      Net trading 
      
     $
     19,968

     $
     18,646

     $
     1,322

     7
     %

      Asset management 

     4,188

     4,795

     (607
     )

     (13
     %)

      New issue and advisory 

     70,650

     30,888

     39,762

     129
     %

      Principal transactions and other income (loss) 

     (6,195
     )

     (24,967
     )

     18,772

     75
     %