Company: COHN
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001437749-25-024506
Chunk: 84

Company: Cohen & Co Inc.
Filing Date: 2025-08-04
Form: 10-Q
Item: Item 1
Chunk 84
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below.  In  February 2025, FTAC Emerald merged with Fold Holdings, Inc. (NASDAQ:FLD) and the 35,000 founders shares were reduced to an allocation of 19,775 restricted shares, which were distributed to the Company in  June 2025.  
    
   Other 
    
   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  June 30, 2025, the Company owned 0.78% 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 June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 Asset management                 
 CREO JV  $131  $187  $282  $371 
 U.S. Insurance JV   264   286   509   603 
  $395  $473  $791  $974 
 Principal transactions and other income                 
 CREO JV  $(105) $(276) $(33) $(117)
 U.S. Insurance JV   46   (179)  107   (102)
 Columbus Circle SPAC   15   -   15   - 
 Other SPAC Entities   -   -   -   5 
  $(44) $(455) $89  $(214)
 Income (loss) from equity method affiliates                 
 Dutch Real Estate Entities  $533  $(11) $849  $(127)
 Columbus Circle SPAC   (1,307)  -   (1,307) $- 
 Other SPAC Entities   (663)  (5,985)  1,439   23,176 
  $(1,437) $(5,996) $981  $23,049