Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 238

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 8
Chunk 238
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 cash flows:
    
     ●   The Company net received units of membership interest in the Operating LLC.  The Company recognized a net increase in additional paid-in capital of $645, a net decrease in AOCI of $14, and a decrease in non-controlling interest of $631.  See note 16. 
 ● The Company recorded a decrease in cash flow from operations for non-cash advisory revenue of $11,140 which resulted in an increase in other investments, at fair value.  
 ●The Company recorded a decrease in equity method affiliated of $7,389 and an increase in other investments, at fair value of $7,389, resulting from an in-kind distribution from equity method affiliates.

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   23. RELATED PARTY TRANSACTIONS 
    
   Certain terms in this footnote are defined in the Company’s Annual Report on Form 10-K for the year ended  December 31, 2024.  The Company has identified the following related party transactions for the six months ended  June 30, 2025 and 2024. The transactions are listed by the related party and, unless otherwise noted in the text of the description, the amounts are disclosed in the tables at the end of this section.
     
   A. JKD Investor 
    
   The JKD Investor is an entity owned by Jack J. DiMaio, the vice chairman of the board of directors and vice chairman of the Operating LLC’s board of managers, and his spouse.  On  October 3, 2016, the Operating LLC and JKD Investor entered into the JKD Investment Agreement. The interest expense incurred relating to the JKD Investment Agreement is disclosed in the table below. See note 4.
    
   Effective  September 1, 2024, JKD Investor and the Operating LLC entered into the Redemption Agreement, which terminated the JKD Investment Agreement in its entirety and resulted in the full redemption of the redeemable financial instrument. Pursuant to the Redemption Agreement, the Company issued to JKD Investor the 2024 Note in the principal amount of $5,146. The Company elected to prepay $2,573 of the principal amount of the 2024 Note that was due on  August 31, 2025 on  June 30, 2025.   The interest incurred on the 2024 Note is disclosed in the table below