Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 89

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 89
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   The Company invests in sponsor entities of SPACs, either directly or through its interest in the SPAC Series Funds, that are not otherwise affiliated with the Company but are considered related parties because they are accounted for under the equity method.  As of  September 30, 2025, the Company owned 0.4% of these entities in the aggregate. Income earned or loss incurred on the equity method investments is disclosed in other SPAC entities in the table below.

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   The following table displays the routine transactions recognized in the consolidated statements of operations from the identified related parties that are described above.

       Three Months Ended September 30,    Nine Months Ended September 30,  
   2025    2024    2025    2024  
 Asset management                 
 CREO JV  $125  $173  $407  $544 
 U.S. Insurance JV   259   280   768   883 
  $384  $453  $1,175  $1,427 
 Principal transactions and other income                 
 CK Capital Value Fund  $17  $-  $17  $- 
 Columbus Circle SPAC   30   -   45   - 
 CREO JV   (327)  506   (360)  389 
 U.S. Insurance JV   68   61   175   (41)
 Other SPAC Entities   -   -   -   5 
  $(212) $567  $(123) $353 
 Income (loss) from equity method affiliates                 
 Dutch Real Estate Entities  $(60) $(217) $789  $(344)
 Columbus Circle SPAC   (335)  -   (1,642)  - 
 Other SPAC Entities   (12,268)  (466)  (10,829)  22,710 
  $(12,663) $(683) $(11,682) $22,366 
                 
 Operating expense (income)                 
 Cohen Circle  $(25) $(26) $(35) $(78)
  $(25) $(26) $(35)