Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 1518

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1B
Chunk 1518
---
 

      Insurance SPACs 
      
     $
     -

     $
     (5,898
     )
      
     $
     5,898

      SPAC Sponsor Entities 

     15,275

     (14,963
     )

     30,238

      Dutch Real Estate Entities 

     334

     (70
     )

     404

     $
     15,609

     $
     (20,931
     )
      
     $
     36,540

SPAC sponsor entities includes both indirect and direct investments in SPAC sponsor entities.  Several of these SPAC sponsor entities are invested in SPACs that have completed their business combinations.  Those SPAC sponsor entities hold restricted and unrestricted equity interests in the public post-merger entities.  We account for our investments in SPAC sponsor entities under the equity method of accounting.  If the SPAC sponsor entity distributes SPAC shares to us, we account for those SPAC shares as a component of other investments, at fair value.  The following table shows the equity method income or loss included in SPAC sponsor entities above broken out by the ultimate public company investee.  For several of the investments described below, we also had an investment in the same company accounted for at fair value as a component of other investments, at fair value during the periods presented.  See discussion of principal transactions above.

      Year Ended December 31, 

      2023 

      2022 

      Change 

      Heliogen, Inc. (OTC: HLGN) 
      
     $
     -

     $
     (10,625
     )
      
     $
     10,625

      Wejo Group Limited (OTC: WEJWF) 

     -

     (2,214
     )

     2,214

      Alpha Tau Medical Ltd. (NASDAQ: DRTS) 

     (51
     )

     374

     (425
     )

      FOXO Technologies Inc. (NYSE American: FOXO) 

     (3
     )

     1,017

     (1,020
     )

      Syntec Optics Holdings, Inc. (NASDAQ: OPTX) 

     4,304

     -

     4,304

      Zoomcar Holdings, Inc. (NASDAQ: ZCAR) 

     10,013

     (837
     )

     10,850

      African Agriculture