Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 279

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 279
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 advisory revenue equal to the fair value of the instruments received.  Subsequent to receipt, the instruments are carried at fair value as a component of other investments, at fair value in our consolidated balance sheets. Any change in the fair value of these instruments subsequent to recording the new issue revenue will be recorded as principal transactions gain or loss in the consolidated statement of operations.  Further, it should be noted that the financial instruments we receive in these cases are often either (i) common stock investments that are restricted for resale for some period of time, (ii) convertible or non-convertible debt investments that are not publicly traded, (iii) equity investments in special purpose entities that are not publicly traded, or (iv) unrestricted common stock investments in public companies that do not have significant trading volume.  Therefore, it may take us a significant period of time to liquidate these investments.  We may suffer significant principal transactions loss prior to final liquidation of these financial instruments, which will impact the results of our Capital Markets segment.  

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Principal Transactions and Other Income (Loss)

Principal transactions and other income (loss) increased by $16,113 to $9,535 for the three months ended June 30, 2025, as compared to ($6,578) for the three months ended June 30, 2024.  The following table summarizes principal transactions and other income by category.

PRINCIPAL TRANSACTIONS & OTHER INCOME

      Three Months Ended June 30, 

      2025 

      2024 

      Change 

      Interests in public companies 

      Webull Corporation (NASDAQ: BULL) 
      
     $
     769

     $
     -

     $
     769

      Captivision Inc. (NASDAQ: CAPT) 

     (908
     )

     (315
     )

     (593
     )

      CERo Therapeutics Holdings, Inc. (NASDAQ: CERO) 

     -

     (638
     )

     638

      Crown LNG Holdings Limited (NASDAQ: CGBS) 

     (454
     )

     -

     (454
     )

      GCT Semiconductor Holding, Inc. (NASDAQ: GCTS) 

     -

     (425
     )

     425

      Classover Holding, Inc. (NASDAQ: KIDZ) 

     357

     -

     357

      Te