Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 133

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 133
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-Convertible Non-Controlling Interest 

Net income / (loss) attributable to the non-convertible non-controlling interest for the three months ended September 30, 2025 and 2024 was comprised of the non-controlling interest related to member interests in consolidated subsidiaries of the Operating LLC other than interests held by us therein for the relevant periods.  These interests are not convertible into Common Stock.  

SUMMARY CALCULATION OF NON-CONVERTIBLE NON-CONTROLLING INTEREST

      Three Months Ended September 30, 

      2025 

      2024 

      Change 

      Other SPAC Sponsor Investor 
      
     $
     (6,717
     )
      
     $
     (5,022
     )
      
     $
     1,695

      Columbus Circle SPAC 

     (136
     )

     -

     136

      Vellar GP 

     -

     2,567

     2,567

      Total 
      
     $
     (6,853
     )
      
     $
     (2,455
     )
      
     $
     4,398

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 September 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 September 30, 2025

      Total Operating LLC 

      Cohen & 

      Consolidated 

      Company Inc. 

      Consolidated 

      Net income / (loss) before tax 
      
     $
     9,522

     $
     -

     $
     9,522

      Income tax expense / (benefit) 

     688

     45