Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 288

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 288
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     (141
     )
      
     $
     (5,206
     )
      
     $
     (5,065
     )

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 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 June 30, 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 June 30, 2025

      Total Operating LLC 

      Cohen & 

      Consolidated 

      Company Inc. 

      Consolidated 

      Net income / (loss) before tax 
      
     $
     5,399

     $
     -

     $
     5,399

      Income tax expense / (benefit) 

     774

     (3
     )

     771

      Net income / (loss) after tax 

     4,625

     3

     4,628

      Other consolidated subsidiary non-controlling interest 

     (141
     )

      Net income / (loss) attributable to the Operating LLC 

     4,766

      Average effective Operating LLC non-controlling interest % (1) 

     70.52
     %

      Operating LLC non-controlling interest 
      
     $
     3,361

SUMMARY CALCULATION OF NON-CONTROLLING INTEREST

For the Three Months Ended June 30, 2024

      Total Operating LLC 

      Cohen & 

      Consolidated 

      Company Inc. 

      Consolidated 

      Net income / (loss) before tax 
      
     $
     (13,788
     )
      
     $
     -

     $
     (13,788
     )

      Income tax expense / (benefit) 

     (198
     )

     (7