Company: COHN
Filing Date: 2025-06-23
Form Type: 8-K
Source: 0001104659-25-061304
Chunk: 0

Company: Cohen & Co Inc.
Filing Date: 2025-06-23
Form: 8-K
Item: Item 1.01
Chunk 0
---
Item 1.01      Entry into a Material Definitive Agreement.  

As previously disclosed, on June 9, 2023,
J. V. B. Financial Group, LLC (the “ Borrower”), a Delaware limited liability company and a broker dealer indirect subsidiary
of Cohen & Company Inc., a Maryland corporation, entered into the Third Amended and Restated Loan Agreement (the “ Loan
Agreement”), with Byline Bank, as lender (the “ Lender”), and the Borrower as borrower, pursuant to which, among other
things, the Lender agreed to make loans to Borrower, at the Borrower’s request from time to time, in the aggregate amount of up
to $15 million.

On June 20, 2025 and effective as of
June 18, 2025, the Borrower and the Lender entered into the Third Amendment to Third Amended and Restated Loan Agreement (the
“ Amendment”). Pursuant to the Amendment, the Loan Agreement was amended to: (i) extend the maturity date and the
final date upon which loans can be made under the Loan Agreement from June 18, 2025 to June 18, 2026; and (ii) reduce
the amount of Excess Net Capital (as defined under as defined in Rule 15c3-1 promulgated under the Securities and Exchange
Act of 1934, as amended) which the Borrower must maintain from $40 million to $30 million. Except as described herein, no other
changes were made to the Loan Agreement pursuant to the Amendment.

The foregoing description of the Amendment does
not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached
hereto as Exhibit 10.1 and is incorporated herein by reference.