Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 7

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 7
---

      )

      (3,022
      )

       Redemption of convertible non-controlling units 

      (954
      )

      (659
      )

       Non-convertible non-controlling interest investment 

      2,669

      -

       Non-convertible non-controlling interest distributions 

      (844
      )

      (3,567
      )

       Net cash provided by (used in) financing activities 

      (6,442
      )

      (8,340
      )

       Effect of exchange rate on cash 

      655

      (116
      )

       Net increase (decrease) in cash and cash equivalents 

      6,406

      (1,075
      )

       Cash and cash equivalents, beginning of period 

      19,590

      10,650

       Cash and cash equivalents, end of period 
       
      $
      25,996

      $
      9,575

﻿ 

﻿ 

﻿ 

See accompanying notes to unaudited consolidated financial statements.

       9

COHEN & COMPANY INC.

Notes to Consolidated Financial Statements 

(Dollars in Thousands, except share and per share information) 

(Unaudited) ﻿ 

   1. ORGANIZATION AND NATURE OF OPERATIONS 
    
   Organizational History 
    
   Cohen Brothers, LLC (“Cohen Brothers”) was formed on  October 7, 2004 by Cohen Bros. Financial, LLC (“CBF”). Cohen Brothers was established to acquire the net assets of CBF’s subsidiaries (the “Formation Transaction”): Cohen Bros. & Company Inc.; Cohen Frères SAS; Dekania Investors, LLC; Emporia Capital Management, LLC; and the majority interest in Cohen Bros. & Toroian Investment Management, Inc. The Formation Transaction was accomplished through a series of transactions occurring between  March 4, 2005 and  May 31, 2005.
    
   From its formation until  December 16, 2009, Cohen Brothers operated as a privately owned limited liability company. On  December 16, 2009, Cohen Brothers completed its merger (the “AFN Merger”) with a subsidiary of Alesco Financial Inc. (“AFN”), a publicly traded real estate investment trust ("REIT").
    
   As a result of the AFN Merger, AFN contributed substantially all of its assets into Cohen Brothers in exchange for newly issued