Company: COHN
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001437749-25-033482
Chunk: 189

Company: Cohen & Co Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 189
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 of the board of directors, and his spouse.
    
   Effective  September 1, 2024, the Company entered into a redemption agreement with the JKD Investor (the “Redemption Agreement”), pursuant to which the Operating LLC redeemed the JKD Investment Agreement in its entirety.  As of  September 1, 2024, the investment balance of the JKD Investment Agreement was $7,719. Pursuant to the Redemption Agreement, the Company (i) paid $2,573 of the investment balance in cash and (ii) issued a senior promissory note (the “2024 Note”) in the aggregate principal amount of $5,146, representing the remaining balance then-payable under the JKD Investment Agreement. The 2024 Note bears interest at 12% and its principal was to be repaid as follows: (i) $2,573 of the principal amount was to be due and payable on  August 31, 2025, and (ii) $2,573 will be due and payable on  August 31, 2026.  The 2024 Note  may, with at least 31 days’ prior written notice to the holder of the 2024 Note, be prepaid in whole or in part without penalty or premium.  The Company prepaid the $2,573 of the principal amount that was otherwise due under the 2024 Note on  August 31, 2025 on  June 30, 2025.  See note 15. 

       17

   5. NET TRADING 
   ﻿ 
   Net trading consisted of the following in the periods presented.
   ﻿
   NET TRADING
   (Dollars in Thousands)

        Three Months Ended September 30, 

        Nine Months Ended September 30, 

        2025 

        2024 

        2025 

        2024 

        Net realized gains (losses) - trading inventory 
        
       $
       7,873

       $
       5,395

       $
       16,338

       $
       12,057

        Net unrealized gains (losses) - trading inventory 

       533

       (482
       )

       2,840

       4,246

        Net gains and losses 

       8,406

       4,913

       19,178

       16,