Company: COHN
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001437749-25-014235
Chunk: 97

Company: Cohen & Co Inc.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 97
---
 to the Non-Convertible Non-Controlling Interest 

Net income / (loss) attributable to the non-convertible non-controlling interest for the three months ended March 31, 2025 and 2024 was comprised of the non-controlling interest related to member interests in consolidated subsidiaries of the Operating LLC other than interests held by us therein for the relevant periods.  These interests are not convertible into Common Stock.  

SUMMARY CALCULATION OF NON-CONVERTIBLE NON-CONTROLLING INTEREST

      Three Months Ended March 31, 

      2025 

      2024 

      Change 

      Other SPAC Sponsor Investor 
      
     $
     (1,037
     )
      
     $
     17,034

     $
     18,071

      Vellar GP 

     864

     (764
     )

     (1,628
     )

      Total 
      
     $
     (173
     )
      
     $
     16,270

     $
     16,443

Other SPAC Sponsor Investor represents an entity that we consolidate, but do not wholly own, that invests in other SPAC sponsor entities. We sold our interest in Vellar GP during the three months ended March 31, 2025.  

Net Income / (Loss) Attributable to the Convertible Non-Controlling Interest 

Net income / (loss) attributable to the convertible non-controlling interest for the three months ended March 31, 2025 and 2024 was comprised of the non-controlling interest related to member interests in the Operating LLC other than interests held by us in the Operating LLC for the relevant periods. These interests are convertible into Common Stock.  See note 21 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024.  

SUMMARY CALCULATION OF CONVERTIBLE NON-CONTROLLING INTEREST

For the Three Months Ended March 31, 2025

      Total Operating LLC 

      Cohen & 

      Consolidated 

      Company Inc. 

      Consolidated 

      Net income / (loss) before tax 
      
     $
     1,077

     $
     -

     $
     1,077

      Income tax expense / (benefit) 

     140

     (1
     )

     139

      Net income / (loss) after