Company: COHN
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001104659-25-051612
Chunk: 1

Company: Cohen & Co Inc.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 8.01
Chunk 1
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.00 per Placement Unit. Additionally, CCM used its underwriting fee of $3,920,000 to purchase 392,000
Placement Units in the Private Placement for an aggregate of $3,920,000. Each Placement Unit consists of one Class A Ordinary Share and
one-half of one warrant (a “ Placement Warrant”). The Placement Units are identical to the Units sold in the IPO except that Placement
Units (including the securities comprising such units and the Class A Ordinary Shares issuable upon exercise of the Placement Warrants) (i) may
not, subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of
the SPAC’s initial Business Combination, (ii) will be entitled to certain registration rights, and (iii) with respect
to the Placement Warrants held by CCM and/or its designees, will not be exercisable more than five years from the commencement of
sales in the IPO in accordance with FINRA rules. Subject to certain limited exceptions, the Placement Units (including the underlying
Placement Warrants and Class A Ordinary Shares and the Class A Ordinary Shares issuable upon exercise of the Placement Warrants) will
not be transferable, assignable or salable until 30 days after the completion of the SPAC’s initial Business Combination.

The entire $2,650,000 invested by the Sponsor in consideration for
the above-described 265,000 Placement Units of the SPAC was raised from third party investors. As the managing member of the Sponsor,
the Operating LLC consolidates the Sponsor and treats the Sponsor’s investment in the SPAC as an equity method investment. The $2,650,000
raised from third party investors is treated by the Operating LLC as non-controlling interest.

A total of $250,000,000 of the net proceeds from the Private Placement
and the IPO were placed in a trust account. Except for the withdrawal of interest to pay taxes (or dissolution expenses if a Business
Combination is not consummated), none of the funds held in the trust account will be released until the earliest of (i) the completion
of the SPAC’s initial Business Combination, (ii) the redemption of the SPAC’s public Class A Ordinary Shares if the SPAC
is unable to complete its initial Business Combination within 24 months from the completion of the IPO, and (iii) the redemption
of the SPAC’s public Class A Ordinary Shares properly submitted in connection with a shareholder vote