Welcome to our dedicated page for Cohen Company SEC filings (Ticker: COHN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Cohen & Company Inc. filings document a Maryland financial services company with an operating subsidiary, broker-dealer activities, asset management operations and sponsored-SPAC interests. Recent Form 8-K reports cover earnings releases, dividend announcements, material agreements, at-the-market common stock issuance arrangements, and events tied to Columbus Circle sponsor and underwriting activity.
Proxy materials describe annual meeting procedures, director and governance matters, and voting rights for common stock and Series E and Series F voting non-convertible preferred stock. Other disclosures address the Cohen & Company, LLC operating agreement, LTIP unit authorization, capital structure, Regulation FD communications and related exhibit filings.
Cohen & Company Inc.12/19/2025, he was granted 2,300 shares of Cohen & Company Inc. common stock, par value $0.01 per share, under the Company’s 2020 Long-Term Incentive Plan, as amended. The award was recorded at a price of $0.00 per share, reflecting a stock grant rather than a purchase for cash. Following this transaction, Mr. Haraburda beneficially owned 13,884 shares of Cohen & Company Inc. common stock, held as a direct ownership position.
Cohen & Company Inc. reported receiving 2,151,666 Class B ordinary shares of Columbus Circle Capital Corp. I through a sponsor distribution made on December 3, 2025 for no consideration. The distribution came from Columbus Circle 1 Sponsor Corp, which transferred a total of 8,245,833 Class B ordinary shares and 265,000 private placement units to its members and certain related members.
The Class B ordinary shares will automatically convert into Class A ordinary shares upon the issuer’s initial business combination and are subject to time- and price-based vesting and a six-month transfer lock-up after that closing under existing agreements. Following the transaction, Cohen & Company entities beneficially owned 2,239,166 Class B ordinary shares, including 87,500 shares held by the sponsor over which Cohen & Company, LLC has voting and investment discretion, while both Cohen and Cohen LLC disclaim beneficial ownership beyond any pecuniary interest.
Cohen & Company Inc. reported the closing of a previously announced SPAC business combination involving Columbus Circle Capital Corp. I and ProCap BTC, LLC, with ProCap Financial, Inc. as the go-forward company. At closing on December 5, 2025, the SPAC and ProCap BTC merged into subsidiaries of ProCap Financial, whose common stock and warrants began trading on The Nasdaq Global Market under the symbols “BRR” and “BRRWW” on December 8, 2025.
The SPAC sponsor, in which Cohen’s operating subsidiary is the managing member, had held 8,333,333 founder shares that were converted into ProCap Financial common stock. These ProCap Shares are subject to transfer restrictions that end at the earlier of the second anniversary of closing, the stock trading at or above $10.21 for 20 days within 30 trading days, or Bitcoin’s volume‑weighted average price reaching $140,000 over a specified 120‑hour period. Cohen’s Operating LLC received approximately 2,150,000 ProCap Financial shares, and certain executives and key employees also received shares previously held by the sponsor.
Lester R. Brafman has filed Amendment No. 5 to his Schedule 13D for Cohen & Co Inc., updating his reported ownership of the company’s common stock. He now reports beneficial ownership of 315,702 shares, representing 15.51% of the outstanding common stock, based on 2,035,863 shares outstanding as of November 28, 2025.
The filing explains that this total includes 40,000 restricted shares granted under the company’s 2020 Long-Term Incentive Plan, whose restrictions will expire on January 31, 2026. When those restrictions lapse, Brafman will have full voting and dispositive power over these 40,000 shares, and he is therefore deemed the beneficial owner of them within 60 days of the filing date.
Daniel G. Cohen reports an updated beneficial ownership position in Cohen & Company Inc., reflecting control of 4,375,648 shares of common stock, or 77.41% of the class based on the company’s stated share count and redeemable units. This includes shares he holds directly, through entities he controls, and through family trusts.
The update also captures equity awards granted under the 2020 Long-Term Incentive Plan. A total of 1,011,000 restricted LLC units will have restrictions lapse on January 31, 2026, allowing redemption into 101,100 shares of common stock at a 10-to-1 unit-to-share ratio. Because these units are redeemable within 60 days of the reporting date, the related shares are treated as beneficially owned, further consolidating Cohen’s majority position.
Cohen & Company Inc. (COHN) reported stronger Q3 2025 results. Total revenues were $84.2 million versus $31.7 million a year ago, driven by new issue and advisory revenue of $228.0 million and net trading revenue of $13.6 million, partly offset by a principal transactions and other loss of $159.3 million. Operating income was $21.8 million versus $7.2 million. Net income attributable to Cohen & Company Inc. was $4.6 million, with diluted EPS of $2.58 versus $1.31.
For the nine months ended September 30, 2025, revenues were $172.8 million versus $61.1 million, and diluted EPS was $3.61 versus $1.12. On the balance sheet, cash and cash equivalents were $54.7 million (up from $19.6 million at December 31, 2024), total assets were $773.9 million, and total equity was $101.1 million. As of October 28, 2025, there were 2,035,863 common shares outstanding. The company reported $1.4 billion AUM as of September 30, 2025.
Cohen & Company Inc. (COHN) furnished an 8‑K stating it issued a press release announcing financial results for the third quarter ended September 30, 2025. The company attached the release as Exhibit 99.1. The information is provided for disclosure purposes and, as stated, shall not be deemed “filed” under Section 18 of the Exchange Act nor incorporated by reference except as specifically noted. COHN’s common stock trades on the NYSE American under the symbol COHN.
Cohen & Company Inc. (COHN) Q2-25 10-Q highlights
- Revenue rebound: Q2 sales jumped to $59.9 M from $10.8 M in Q2-24, driven by New Issue & Advisory fees ($37.4 M vs. $6.5 M) and stronger Net Trading ($10.8 M vs. $8.8 M).
- Return to profit: Net income attributable to COHN was $1.4 M (diluted EPS $0.81) versus a $2.3 M loss (-$1.47) a year ago. Six-month net income reached $1.7 M (EPS $1.00) against a $0.3 M loss in 1H-24.
- Margins improve: Operating income rose to $7.5 M from a $6.4 M loss; operating margin 12.5 % vs. -59.0 %.
- Cost pressures: Compensation & benefits surged to $44.3 M (74 % of revenue) from $10.7 M, reflecting revenue-tied payouts and equity awards.
- Balance sheet: Assets grew to $1.13 B (from $971 M) largely via resale agreements. Debt declined to $32.6 M (-$2.3 M); cash rose to $26.0 M.
- Equity: Book value increased to $92.5 M vs. $90.3 M; tangible common equity $43.4 M.
- Cash flow: Operating cash inflow of $7.0 M vs. $0.9 M in 1H-24; investing provided $5.2 M; financing used $6.4 M (dividends, note repayment).
- Other items: $0.8 M gain on sale of management contracts; equity-method loss Q2 (-$1.4 M) after large loss Q2-24 (-$6.0 M).
Overall, robust advisory revenue restored profitability but carries higher compensation expense; leverage remains concentrated in repo funding.