Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 466

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 466
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 are carried at fair value.
    
   Interests in SPVs represents interests the Company has received in SPVs as consideration for services provided by CCM, rather than cash.  The SPVs hold convertible notes receivable interests in the counterparties.  The Company does not consolidate the SPVs and carries its interests in the SPVs at fair value.  See note 9 for discussion of the determination of fair value.  
    
   A total of $1,721 and $946 of the amounts shown in other investments, at fair value above serve as collateral for the Company's margin loan payable for the years ended  December 31, 2024 and 2023, respectively.  See note 6.  
    
   Other Investments Sold, Not Yet Purchased

    OTHER INVESTMENTS SOLD, NOT YET PURCHASED 
 (Dollars in Thousands) 

       December 31, 2024   December 31, 2023 
 Equity securities  $1,181  $347 
 Share forward liabilities   470   24,395 
 Other investments sold, not yet purchased  $1,651  $24,742 

        F-
       26

   9. FAIR VALUE DISCLOSURES 
   ﻿ 
   Fair Value Option 
   ﻿ 
   The Company has elected to account for certain of its other financial assets at fair value under the fair value option provisions of ASC 825. The primary reason for electing the fair value option was to reduce the burden of monitoring the differences between the cost and the fair value of the Company’s investments, previously classified as available for sale securities, including the assessment as to whether the declines are temporary in nature and to further remove an element of management judgment.
   ﻿ 
   Such financial assets accounted for at fair value include:
   ﻿ 
     •  securities that would otherwise qualify for available for sale treatment; 
  •  investments in equity method affiliates that have the attributes in ASC 946-10-15-2 (commonly referred to as investment companies) or that have fair values that are readily determinable; and  
  •  investments in residential mortgage loans. 

   ﻿ 
   The changes in fair value (realized and unrealized gains and losses) of these instruments for which the Company has elected the fair value option are recorded in principal transactions and other income in the consolidated statements of operations