{"filings":[{"id":2006756,"accession_number":"0001104659-26-089490","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-08-03T12:08:58+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q2 net income $3.6M ($0.94/diluted); revenue $69.5M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q2 2026 revenue $69.5M, up 16% from $57.9M prior quarter and 16% from $59.9M prior year quarter.","Net income attributable to Cohen & Company Inc. $3.6M ($0.94/diluted) vs $1.5M ($0.42) prior quarter and $1.4M ($0.81) prior year.","Adjusted pre-tax income $10.1M ($1.62/diluted); investment banking revenue $54.1M, up $9.9M YoY.","Board declares quarterly dividend of $0.25/share, payable Sept 2, 2026 to holders of record Aug 19, 2026.","SPAC milestones: Columbus Circle Capital Corp II signed business combination with Elroy Air; Corp III completed $230M IPO on July 9."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1580596,"accession_number":"0001104659-26-082652","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-07-10T20:05:33+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Company subsidiary leads $230M SPAC IPO for Columbus Circle Capital Corp. III","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CCM acted as lead underwriter for SPAC Columbus Circle Capital Corp. III IPO of 23M units at $10/unit, gross proceeds $230M.","Cohen & Company LLC is managing member of sponsor, consolidates sponsor's investment as equity method.","Sponsor purchased 265,000 placement units for $2.65M; CCM used $3.6M underwriting fee to buy 360,000 placement units.","$230M net proceeds placed in trust; SPAC has 24 months to complete business combination or liquidate.","Administrative services agreement: SPAC pays Cohen $10,000/month for office and support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1360636,"accession_number":"0001104659-26-079330","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-06-30T20:12:26+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Co. SPAC Columbus Circle II signs deal to acquire drone developer Elroy Air","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["SPAC Columbus Circle Capital Corp. II (CMIIU) entered a definitive agreement to acquire Elroy Air, an autonomous heavy-cargo drone developer.","Cohen & Company Capital Markets acted as lead underwriter in the SPAC's IPO and is joint financial advisor and co-placement agent for the deal.","Closing expected in Q4 2026, subject to SPAC shareholder approval and other customary conditions.","Cohen & Company LLC holds approximately 667,000 founder shares in the SPAC, with final allocation determined at closing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1194797,"accession_number":"0001104659-26-076368","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-06-22T20:06:11+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cohen & Co Securities extends $15M loan facility to June 2028; raises net worth covenant to $80M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving credit facility with Byline Bank extended from June 18, 2026 to June 18, 2028; total commitment remains $15M.","Tangible Net Worth covenant increased from $70M to $80M, effective March 31, 2027.","New Excess Net Capital (Rule 15c3-1) covenant of $30M minimum; 2 business day cure period before Event of Default.","Borrower name changed to Cohen & Company Securities, LLC and parent to Cohen & Company Securities Holdings, L.P."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":833608,"accession_number":"0001104659-26-070096","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-06-03T20:05:26+00:00","items":["5.07"],"status":"ready","headline":"Cohen & Co. shareholders approve LTIP share increase from 2.5M to 4.5M plus evergreen","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five director nominees (Daniel G. Cohen, G. Steven Dawson, Jack J. DiMaio Jr., Jack Haraburda, Diana Louise Liberto) elected.","Amendment No. 4 to 2020 LTIP approved: authorized shares increased from 2,500,000 to 4,500,000 plus 9% annual evergreen from 2027-2030.","Ratification of Grant Thornton LLP as independent auditor for FY2026 passed with 4,123,615 votes for, 76,457 against.","LTIP amendment received 3,076,905 votes for, 150,207 against, and 2,631 abstentions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":695568,"accession_number":"0001104659-26-066920","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-05-27T20:05:58+00:00","items":["7.01","9.01"],"status":"ready","headline":"Cohen & Company posts investor presentation on website; no material new disclosures","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Presentation posted May 27, 2026, on company website; dated May 26, 2026.","Describes capital markets activities and business model but contains no updated financial figures or guidance.","No changes to previously disclosed results; presentation is for informational use with investors."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":91840,"accession_number":"0001104659-26-053498","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co posts Q1 net income $1.5M ($0.42/diluted), revenue $57.9M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Cohen & Company Inc. was $1.5M, or $0.42 per diluted share, vs $8.1M in Q4 2025 and $0.3M in Q1 2025.","Revenue of $57.9M, down from $102.7M in prior quarter (which included $33M from SPAC close), up from $28.7M in prior year quarter.","Investment banking revenue $45.7M, down $9M from prior quarter but up $25.5M YoY; CCM generated $45.7M of that.","Gestation repo book grew to $3.9 billion; sponsored SPAC Columbus Circle Capital Corp. II completed $230M IPO.","Board declared quarterly dividend of $0.25 per share, payable June 2, 2026 to holders of record May 18, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":0.42,"consensus_revenue_estimate":null,"consensus_revenue_actual":57902000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":102200,"accession_number":"0001104659-26-024696","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["1.01","1.02","9.01"],"status":"ready","headline":"Cohen & Co. amends operating agreement to permit LTIP profits interests for equity compensation","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Second Amended and Restated LLC Agreement permits issuance of LTIP Units as profits interests for U.S. federal tax purposes.","LTIP Units are convertible into common Units upon vesting, non-voting, and subject to capital account limitation.","Executives Daniel G. Cohen (Executive Chairman), Lester R. Brafman (CEO), Joseph W. Pooler, Jr. (CFO) are parties.","Prior Amended and Restated Operating Agreement (dated 2009) terminated and replaced in its entirety."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":102199,"accession_number":"0001104659-26-024430","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q4 2025 revenue $102.7M, net income $8.1M; declares $0.25 quarterly and $0.70 special dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year revenue $275.6M, up 246% YoY; net income attributable $14.4M ($4.35 diluted EPS) vs loss of $0.1M in 2024.","Adjusted pre-tax income Q4 $18.3M ($2.97/share); full year $41.4M ($6.92/share).","Investment banking revenue Q4 $54.7M; CCM led SPAC IPO underwriting and de-SPAC advisory globally.","Board declares $0.25 quarterly dividend and $0.70 special dividend, payable April 3, 2026 to holders of record March 20, 2026.","CEO notes Q1 2026 revenue trending substantially higher than Q1 2025; pipeline significantly stronger than year ago."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":102198,"accession_number":"0001104659-26-018133","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-02-20T23:59:59+00:00","items":["1.01","10.1","1.02","9.01"],"status":"ready","headline":"Cohen & Co. enters ATM equity distribution agreement for up to $75M common stock","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Agreement with Northland Capital Markets and Cohen Securities as sales agents for at-the-market offerings.","Aggregate offering price up to $75,000,000 of common stock; currently limited to $13,094,305 per SEC rules.","Commission of 2.5% of gross proceeds on shares sold through each sales agent.","Prior Equity Distribution Agreement with Northland dated October 5, 2023 terminated.","Shares issued under existing shelf registration statement (File No. 333-275186)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":102197,"accession_number":"0001104659-26-015296","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2026-02-13T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Company's SPAC Columbus Circle Capital Corp. II closes $230M IPO","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["SPAC sold 23M units at $10.00/unit for $230M gross proceeds; includes full exercise of over-allotment.","Cohen & Company Securities (CCM) acted as lead underwriter; used $3.6M underwriting fee to buy 360,000 placement units.","Sponsor (managed by Cohen & Company LLC) purchased 265,000 placement units for $2.65M from third-party investors.","$230M placed in trust; SPAC must complete business combination within 24 months or liquidate.","Administrative services agreement: SPAC will pay Cohen $10k/month for office and support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118520,"accession_number":"0001104659-25-123509","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-12-22T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"Cohen & Co declares special $2.00/share cash dividend payable Jan 22, 2026","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Special cash dividend of $2.00 per share declared by Board of Directors.","Payable on January 22, 2026 to stockholders of record as of January 7, 2026.","CEO Lester Brafman links dividend to strong recent operating performance and confidence in future.","Dividend underscores commitment to returning value to stockholders."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118519,"accession_number":"0001104659-25-119358","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"SPAC Columbus Circle completes business combination; Cohen & Co receives ~2.15M shares in ProCap Financial","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Business combination between SPAC Columbus Circle Capital Corp I and ProCap BTC closed Dec 5, 2025.","ProCap Financial (ticker BRR, BRRWW) began trading on Nasdaq Global Market Dec 8, 2025.","Cohen & Co Operating LLC received approximately 2,150,000 ProCap Shares from its sponsor interest.","Shares subject to lock-up until 2-year anniversary, $10.21 stock price trigger, or BTC ≥ $140k for 5 days."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":118518,"accession_number":"0001104659-25-105946","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company reports Q3 2025 revenue of $84.2M, net income $4.6M, declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $84.2M vs $31.7M in Q3 2024; new issue and advisory revenue surged to $228.0M from $21.4M.","Net income attributable to Cohen & Co. was $4.6M ($2.58/diluted share) vs $2.2M ($1.31) a year ago; adjusted pre-tax income $16.4M.","Board declared $0.25 per share quarterly dividend, payable Dec 3, 2025 to holders of record Nov 19, 2025.","Management expects Q4 2025 revenue >$50M and full-year 2025 revenue >$220M.","Net trading revenue grew 26% QoQ to $13.6M; equity method affiliates posted a $12.7M loss offset by non-controlling interest."],"consensus_eps_estimate":null,"consensus_eps_actual":3.61,"consensus_revenue_estimate":null,"consensus_revenue_actual":172824000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134978,"accession_number":"0001104659-25-087809","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Company completes sale of three Alesco CDO management agreements to Hildene affiliate for $2.02M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Final closing on Sept 5, 2025, transferred Alesco III, IV, and VI CDO agreements for $2,022,403 after purchase price reductions.","Combined with July 9 closing on Alesco V and VIII ($837,447), total proceeds from all five CDO agreements is ~$2.86M.","No further closings under the Master Transaction Agreement; sale is fully completed.","Buyer is HCMC III, LLC, an affiliate of Hildene Capital Management, an SEC-registered investment adviser.","Seller is Cohen & Company Financial Management, an investment advisor subsidiary of Cohen & Company Inc."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134977,"accession_number":"0001104659-25-072486","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-07-31T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q2 2025 net income $1.4M ($0.81/dil share); revenue $59.9M vs $10.8M a year ago","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Revenue of $59.9M up from $10.8M in Q2 2024; new issue & advisory from CCM $37.4M vs $6.5M prior year.","Adjusted pre-tax income $5.5M ($0.94/dil share) vs loss of $8.6M ($1.51 loss) in Q2 2024.","Quarterly dividend declared $0.25 per share, payable Aug 29, 2025 to holders of record Aug 15, 2025.","Sponsored SPAC Columbus Circle Capital Corp I agreed to combine with ProCap BTC; expected close by year-end.","Launched SPAC-focused equity trading desk generating over $1.4M in revenue in its first quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":1.0,"consensus_revenue_estimate":null,"consensus_revenue_actual":88611000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":134976,"accession_number":"0001104659-25-066739","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-07-09T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Co subsidiary completes sale of CDO management agreements for two funds for $837k","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Closed sale of all rights under CDO Agreements for Alesco Preferred Funding V, Ltd. and VIII, Ltd.","Aggregate purchase price of $837,447 after required reductions per MTA.","Buyer is HCMC III, LLC, an affiliate of Hildene Capital Management.","Closings occurred July 9, 2025 under the previously disclosed Master Transaction Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151927,"accession_number":"0001104659-25-062577","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-06-25T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Co. affiliate SPAC signs $751.5M bitcoin-focused business combination with ProCap","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Columbus Circle Capital I (CCCMU) entered definitive agreement to combine with ProCap Financial and ProCap BTC.","$516.5M preferred equity and $235M convertible note financing raised to purchase bitcoin.","Cohen & Company subsidiary served as lead underwriter for SPAC IPO and co-placement agent for the financing.","Cohen holds approx. 2.15 million founder shares in the SPAC, convertible into ProCap common stock upon closing.","Preferred equity proceeds to buy bitcoin within 15 days via custodial arrangement with Anchorage Digital Bank."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151926,"accession_number":"0001104659-25-061304","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-06-23T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cohen & Co subsidiary extends $15M loan maturity to June 2026, reduces net capital covenant to $30M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["J.V.B. Financial Group, LLC (Cohen & Co subsidiary) amended credit facility with Byline Bank.","Maturity date extended from June 18, 2025 to June 18, 2026.","Required Excess Net Capital reduced from $40M to $30M, easing capital constraint.","No default occurred; amendment effective June 18, 2025.","Existing $15M revolving commitment unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151925,"accession_number":"0001104659-25-056384","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-06-04T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cohen & Company stockholders approve all proposals at 2025 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Directors elected: Daniel G. Cohen, G. Steven Dawson, Jack J. DiMaio Jr., Jack Haraburda, Diana Louise Liberto.","Amendment to 2020 LTIP approved: authorized shares increased from 1,900,000 to 2,500,000.","Advisory say-on-pay approved; frequency set to every 3 years.","Ratification of Grant Thornton LLP as independent auditor for FY2025 confirmed.","Over 84% of combined voting power present; all proposals passed with majority support."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.15,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151924,"accession_number":"0001104659-25-051612","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-05-21T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"Cohen & Company's SPAC IPO of Columbus Circle raises $250M","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Columbus Circle Capital Corp. I (NASDAQ: CCCMU) sold 25M units at $10/unit for $250M gross proceeds.","Cohen & Company LLC is managing member of sponsor; CCM acted as lead underwriter.","Sponsor holds 8.33M founder shares; Cohen's Operating LLC allocated 3.15M founder shares.","Private placement: Sponsor purchased 265K placement units ($2.65M); CCM purchased 392K placement units ($3.92M).","If no business combination within 24 months, SPAC liquidates; placement units and warrants become worthless."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":151923,"accession_number":"0001104659-25-043067","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-05-01T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co Q1 net income $329k; revenue $28.7M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Cohen & Co Inc. was $329k ($0.19/dil) vs loss of $1.95M in Q4 2024 and income $2.02M in Q1 2024.","Total revenues $28.7M, up 55% from Q4 2024 ($18.5M); new issue and advisory $33.2M driven by CCM performance.","Adjusted pre-tax income $1.25M ($0.22/dil) vs adjusted pre-tax loss of $7.7M in Q4 2024 and income of $7.7M in Q1 2024.","Declared quarterly dividend of $0.25/share, payable June 2, 2025 to holders of record May 16, 2025.","Equity method affiliate income $2.4M from one SPAC business combination closing vs six in Q1 2024 that generated $29.0M."],"consensus_eps_estimate":null,"consensus_eps_actual":0.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":28740000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170778,"accession_number":"0001104659-25-023471","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-03-13T23:59:59+00:00","items":["1.01"],"status":"ready","headline":"Cohen & Co. sells management rights for five Alesco CDOs to Hildene affiliate for $3.5M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Cohen & Co. subsidiary agrees to sell collateral management agreements for five Alesco Preferred Funding CDOs.","Total base purchase price of $3.5 million, with potential reduction for management fees received before closing.","Buyer is HCMC III, LLC (affiliate of Hildene Capital Management), which specializes in TruPS-backed CDOs.","Multiple closings expected by November 8, 2025, subject to consents and conditions.","Seller retains liabilities prior to closing; buyer assumes post-closing obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":170777,"accession_number":"0001104659-25-021987","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2025-03-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q4 2024 net loss of $1.95M ($1.21/sh), revenue falls to $18.5M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net loss attributable to Cohen & Company of $1.95M ($1.21 diluted EPS) vs Q3 income $2.15M ($1.31) and Q4 2023 income $4.55M ($2.97).","Revenue $18.5M, down from $31.7M Q3 and $34.5M Q4 2023; new issue & advisory revenue dropped to $10.1M from $22.5M Q3.","Full year 2024 net loss of $129k ($0.08 loss per share) vs FY2023 loss of $5.1M ($3.38 loss per share).","Board declares $0.25 quarterly dividend payable April 9, 2025 to holders of record March 26, 2025.","Gestation repo book grew 30% YoY to $2.7B; CCM full-year revenue nearly doubled to $38.9M from $21.9M in 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":187756,"accession_number":"0001104659-24-113681","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-11-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co. posts Q3 net income of $2.2M vs year-ago loss; revenue jumps 85% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income $2.2M ($1.31 diluted EPS) vs net loss of $0.4M ($0.28 loss) in Q3 2023.","Total revenue $31.7M, up from $17.1M YoY; new issue & advisory revenue surged to $22.5M.","Adjusted pre-tax income $7.7M ($1.34 per share) vs adjusted pre-tax loss of $8.4M a year ago.","Board declares $0.25 per share quarterly dividend, payable Dec 5, 2024 to holders of record Nov 20.","CEO cites strong CCM investment banking results with $21.4M advisory revenue and one SPAC IPO."],"consensus_eps_estimate":null,"consensus_eps_actual":1.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":61057000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":204256,"accession_number":"0001104659-24-102443","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-09-24T23:59:59+00:00","items":["1.01","1.02","2.03","9.01"],"status":"ready","headline":"Cohen & Co redeems $7.7M board-affiliated investment with cash and note at 12%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Paid $2,572,963 cash and issued $5,145,927 senior promissory note at 12% interest to JKD Capital Partners I LTD.","Note principal due: $2,572,963 on Aug 31, 2025 and $2,572,964 on Aug 31, 2026; interest payable quarterly.","Terminated 2016 Investment Agreement with JKD, owned by board member Jack J. DiMaio Jr. and spouse.","Note senior to other indebtedness; no prepayment allowed before Jan 31, 2025 without penalty."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":204255,"accession_number":"0001104659-24-085653","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-08-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co Q2 2024 net loss $2.3M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $2.3M ($1.47 per diluted share) vs $2.0M income in Q1 and $6.6M loss in Q2 2023.","Total revenue $10.8M, down from $18.6M in Q1 2024 and $22.6M in Q2 2023.","Principal transactions negative $6.6M due to mark-to-market on investment portfolio.","Board declared $0.25 per share dividend payable Sep 5, 2024 to holders of record Aug 22.","CEO cites $6.4M advisory revenue from CCM; 2 SPAC IPOs lead-bookrunned."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.2,"consensus_revenue_estimate":null,"consensus_revenue_actual":29362000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220993,"accession_number":"0001104659-24-072840","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-06-18T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"J.V.B. Financial Group extends $15M revolving credit facility maturity to June 18, 2025","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Second Amendment extends maturity and borrowing termination date of $15M loan from June 18, 2024 to June 18, 2025.","No other changes to the Loan Agreement; commitment amount and terms unchanged.","Borrower is J.V.B. Financial Group, an indirect broker-dealer subsidiary of Cohen & Co Inc. (COHN)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220992,"accession_number":"0001104659-24-068672","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-06-05T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cohen & Co shareholders elect all five directors at 2024 annual meeting","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All five nominees (Daniel Cohen, G. Steven Dawson, Jack DiMaio, Jack Haraburda, Diana Liberto) elected with over 3.1M votes each.","Ratification of Grant Thornton as auditor approved with 3,812,724 for, 9,184 against, 3,073 abstain.","Quorum of 83.37% of combined voting power represented at the meeting.","No broker non-votes on auditor ratification; 654,059 broker non-votes on director election."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.1,"calibrated_materiality_score":0.1,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":220991,"accession_number":"0001104659-24-057249","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company reports Q1 2024 net income of $2M, revenue surges to $18.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income attributable to Cohen & Company Inc. of $2.0M ($1.28 diluted EPS) vs loss of $2.6M ($1.77 loss) a year ago.","Adjusted pre-tax income of $7.7M ($1.37 per diluted share); second consecutive quarter of strong earnings.","Total revenue $18.6M, up from $8.8M YoY; new issue and advisory revenue jumped to $24.4M from $0.9M.","Principal transactions negative $18.4M due to mark-to-market adjustments on principal investments; equity method affiliates income $29M from SPAC closures.","Board declares quarterly dividend of $0.25 per share, payable June 5, 2024, to holders of record May 20, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":1.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":18564000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240580,"accession_number":"0001104659-24-031480","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-03-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q4 net income $4.5M ($2.97/diluted share); declares $0.25 quarterly dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net income attributable to Cohen & Company of $4.5M, vs net loss of $0.4M in Q3 2023 and net loss of $3.0M in Q4 2022.","Adjusted pre-tax income for Q4 was $16.0M ($2.88/diluted share), compared to adjusted pre-tax loss of $8.4M in prior quarter.","Revenues surged to $34.5M in Q4, driven by $18.7M new issue and advisory revenue and $17.2M income from equity method affiliates (SPAC closures).","Full year 2023 net loss attributable to Cohen & Company was $5.1M, or ($3.38) per diluted share.","Board declared $0.25 quarterly dividend payable April 5, 2024 to holders of record March 22, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240579,"accession_number":"0001104659-24-007730","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-01-29T23:59:59+00:00","items":["1.01","4.1","9.01"],"status":"ready","headline":"Cohen & Company amends junior subordinated notes to replace LIBOR with SOFR","summary_kind":"llm","event_type":"debt","confidence":"medium","bullets":["Supplemental Indenture changes benchmark from LIBOR to SOFR on $28.995M notes, effective July 1, 2023.","Maturity remains July 30, 2037; no other terms changed.","Executed January 26, 2024 with Wells Fargo Bank as trustee."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240578,"accession_number":"0001104659-24-001800","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-01-05T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cohen & Co. amends $4.5M promissory note with board member; maturity extended to 2026, rate raised to 12%","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Operating subsidiary Cohen & Company, LLC amended $4.5M senior promissory note held by JKD Capital Partners I LTD (owned by director Jack DiMaio).","Maturity date extended from January 31, 2024 to January 31, 2026; redemption/prepayment dates extended to January 31, 2025.","Interest rate increased from 10% to 12% per annum effective January 31, 2024.","No other changes to note terms; amendment executed January 5, 2024."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":240577,"accession_number":"0001104659-24-000338","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2024-01-02T23:59:59+00:00","items":["1.01","3.03","9.01"],"status":"ready","headline":"Cohen & Co. adopts NOL poison pill triggered at 4.95% ownership","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Section 382 Rights Agreement executed Jan 2, 2024 with Computershare as rights agent.","One Right distributed per common share for holders of record Jan 16, 2024; exercise price $100 per Unit.","Rights become exercisable if a person acquires 4.95% or more of common stock, protecting NOL carryforwards.","Rights expire Dec 31, 2026 unless redeemed earlier at $0.001 per Right or other termination events occur.","Board retains ability to redeem Rights at any time until 10 days after an Acquisition Person is identified."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":258084,"accession_number":"0001104659-23-129206","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-12-26T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"Cohen & Co subsidiary extends $15M loan maturity to June 2024","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Loan maturity and borrowing termination date extended to June 18, 2024, from December 21, 2023.","Revolving loan commitment remains up to $15 million; no other terms amended.","Subsidiary J.V.B. Financial Group and Byline Bank executed the amendment.","Company reaffirmed no Event of Default and compliance with loan agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":258083,"accession_number":"0001104659-23-113607","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q3 net loss $0.4M; records $6.8M investment write-down; maintains dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen of $0.4M ($0.28 per diluted share) for Q3 2023, vs. $6.6M loss in Q2 2023 and $0.9M loss in Q3 2022.","Total revenues $17.1M, down from $22.6M in Q2 and $23.5M in prior year; new issue and advisory rev. $7.2M, up $5.9M QoQ.","Adjusted pre-tax loss of $8.4M ($1.52 per share) vs. prior quarter loss $1.6M and prior year income $2.2M.","Principal transactions revenue includes $6.8M write-down of investment in Stoa USA Inc./FlipOS due to its ceasing operations.","Board declares $0.25 quarterly dividend, payable Dec 1, 2023 to holders of record Nov 17, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.4,"consensus_revenue_estimate":null,"consensus_revenue_actual":48517000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":258082,"accession_number":"0001104659-23-107216","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-10-05T23:59:59+00:00","items":["1.01","10.1","1.02","9.01"],"status":"ready","headline":"Cohen & Co. enters $75M ATM equity distribution agreement with Northland Capital Markets","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Up to $75M of common stock may be sold at-the-market through Northland Capital Markets under the new agreement.","Sales agent commission set at 2.5% of gross proceeds; immediate selling capacity capped at $4.7M due to public float rules.","Prior $75M ATM agreement with Northland dated Dec 1, 2020 was terminated upon execution of the new agreement.","Shares to be issued under existing Form S-3 shelf registration (No. 333-249641) with a Prospectus Supplement dated Oct 5, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":275392,"accession_number":"0001104659-23-086594","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-08-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co Q2 net loss $6.6M ($4.34/share); revenue $22.6M improves on principal transactions","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen & Co of $6.6M, or $4.34 per diluted share, vs loss of $2.6M ($1.77) in Q1 2023 and $1.9M ($1.53) in Q2 2022.","Total revenues $22.6M, up from $8.8M in Q1 and $9.2M in Q2 2022; driven by $12.2M principal transactions vs negative $2.3M in Q1.","Adjusted pre-tax loss $1.6M ($0.30 per share) vs adjusted pre-tax loss $9.6M ($1.74) in prior quarter.","Board declares $0.25/share quarterly dividend payable Sept 1, 2023 to holders of record Aug 18, 2023.","Company will not hold quarterly conference calls for foreseeable future; earned ~$5M new issue and advisory revenue in Q3-to-date."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.14,"consensus_revenue_estimate":null,"consensus_revenue_actual":31396000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292878,"accession_number":"0001104659-23-069915","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-06-09T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cohen & Co amends loan with Byline Bank: commitment cut to $15M, net worth covenant lowered to $70M","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Broker-dealer subsidiary J.V.B. Financial Group entered Third Amended and Restated Loan Agreement; loan commitment reduced from $25M to $15M.","Minimum tangible net worth covenant decreased from $85M ($90M after June 30) to $70M at all times during the term.","Loans mature December 21, 2023; interest at Term SOFR plus 6.0% (floor 7.0%); $75,000 commitment fee paid.","Excess net capital must be at least $40M; outstanding loans cannot exceed 0.25x tangible net worth.","Undrawn commitment fee of 0.50% per annum payable quarterly; anniversary fee also 0.50%."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292877,"accession_number":"0001104659-23-068779","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-06-07T23:59:59+00:00","items":["5.07"],"status":"ready","headline":"Cohen & Co. stockholders elect all director nominees and ratify Grant Thornton as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Five directors elected: Daniel G. Cohen, G. Steven Dawson, Jack J. DiMaio Jr., Jack Haraburda, Diana Louise Liberto.","Each director received >3.0M votes for, with ~701K broker non-votes.","Ratification of Grant Thornton LLP as auditor for FY2023: 3,636,349 for, 146,768 against, 7,027 abstain.","Approximately 97.76% of combined voting power present; quorum established."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":292876,"accession_number":"0001104659-23-055805","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-05-04T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co Q1 net loss narrows to $2.6M; revenue $8.8M; dividend $0.25/share","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen & Co Inc. $2.6M ($1.77/diluted share) vs $7.6M loss a year ago.","Total revenues $8.8M, up from negative $0.7M in Q1 2022; net trading revenue $8.2M, down 32% YoY.","New issue and advisory revenue $0.9M, down 76% YoY; principal transactions and other revenue negative $2.3M.","Adjusted pre-tax loss $9.6M ($1.74/diluted share); total equity $82.4M as of March 31, 2023.","Board declared quarterly dividend of $0.25/share, payable June 2, 2023 to holders of record May 18."],"consensus_eps_estimate":null,"consensus_eps_actual":-1.77,"consensus_revenue_estimate":null,"consensus_revenue_actual":8824000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":313547,"accession_number":"0001104659-23-029321","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2023-03-07T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co posts Q4 net loss of $3.0M ($2.10/sh); revenue down 54% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen & Company Inc. of $3.0M, or $2.10 per diluted share, vs net income of $4.2M in Q4 2021.","Total revenues $12.5M, down from $27.0M in Q4 2021; negative principal transactions of $3.2M.","Adjusted pre-tax loss of $6.1M ($1.13/sh) vs adjusted pre-tax income of $6.4M in Q4 2021.","New issue and advisory revenue fell to $4.2M from $17.2M in Q4 2021; loss from equity method affiliates of $6.4M.","Board declared quarterly dividend of $0.25/share, payable April 5, 2023 to holders of record March 22, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":332023,"accession_number":"0001104659-22-129892","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-12-23T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"Cohen & Co amends $25M revolver with Byline Bank, extends maturity to Dec 2024, switches to SOFR","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$25M revolving credit line for subsidiary J.V.B. Financial Group; maturity extended to Dec 21, 2024.","Interest rate changed to Term SOFR plus 6.0% with a floor of 7.0%; replaces LIBOR.","Covenants require net worth ≥$85M (rising to $90M after July 2023) and excess net capital ≥$40M.","Commitment fees: $125,000 upfront, plus 0.50% quarterly on the undrawn portion.","Guarantors: Cohen & Company, Cohen & Company LLC, and J.V.B. Financial Holdings LP."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":332022,"accession_number":"0001104659-22-121286","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-11-22T23:59:59+00:00","items":["8.01"],"status":"ready","headline":"INSU Acquisition Corp. III to liquidate; Cohen & Co expects $960K loan loss in Q4 2022","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["INSU Acquisition Corp. III will dissolve and liquidate by Dec 22, 2022; redeeming Class A shares at ~$10.09/share.","Cohen & Co subsidiary loaned $960K to the SPAC; expects no repayment and will record expense in Q4 2022.","SPAC sponsors, including Cohen-managed entities, waived redemption rights on Class B shares.","Trading of INSU common stock, units, and warrants will cease as of Dec 21, 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":332021,"accession_number":"0001104659-22-113761","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-11-02T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company reports Q3 2022 adjusted pre-tax income of $2.2M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen of $0.9M ($0.64 diluted loss); adjusted pre-tax income $2.2M ($0.41 diluted).","Total revenues $23.5M, up from $6.6M YoY; new issue & advisory revenue $13.2M (up $9.8M QoQ).","Principal transactions negative $1.2M on SPAC mark-to-market; $4.6M loss on bankrupt gestation repo counterparty.","Board declares $0.25/share quarterly dividend payable Dec 2, 2022 to holders of record Nov 18, 2022.","Total equity $105.6M at Sep 30, 2022, down from $151.4M at Dec 31, 2021; equity ex-nonconvertible NCI $101.4M."],"consensus_eps_estimate":null,"consensus_eps_actual":-7.33,"consensus_revenue_estimate":null,"consensus_revenue_actual":31937000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":349492,"accession_number":"0001104659-22-085460","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-08-03T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co. Q2 net loss $1.9M; revenues $9.2M; declares $0.25 dividend","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen & Co. of $1.9M ($1.53/diluted share) vs net income of $1.7M in Q2 2021.","Total revenues $9.2M, down from $10.1M a year ago; net trading revenue $10.4M, down $8M YoY.","Principal transactions loss of $6.6M mainly from mark-to-market on SPAC-related holdings.","Dividend of $0.25 per share declared, payable Sept 1, 2022 to holders of record Aug 18, 2022.","Total equity fell to $106.0M as of June 30, 2022 from $151.4M at year-end 2021."],"consensus_eps_estimate":null,"consensus_eps_actual":-6.71,"consensus_revenue_estimate":null,"consensus_revenue_actual":8472000.0,"consensus_period":"2022-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366434,"accession_number":"0001104659-22-068125","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-06-03T23:59:59+00:00","items":["5.02","5.07"],"status":"ready","headline":"Cohen & Co shareholders approve 700,000 share increase to LTIP plan, reelect directors","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Shareholders approved Amendment No. 2 to 2020 LTIP, increasing authorized shares from 1.2M to 1.9M.","All five director nominees elected: Daniel Cohen, Dawson, DiMaio, Haraburda, Liberto.","Advisory say-on-pay passed with 2.96M votes for, 97.7K against.","Ratification of Grant Thornton as independent auditor for FY2022 passed."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366433,"accession_number":"0001104659-22-064665","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-05-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"Cohen & Co amends CEO employment; Daniel Cohen becomes Executive Chairman, forfeits profit allocations","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Daniel G. Cohen becomes Executive Chairman of Cohen & Company Inc. and its operating LLC, effective May 24, 2022.","Cohen forfeits annual 25% of European net income allocation and semi-annual 20% of broker-dealer gross revenue allocations.","Guaranteed payment remains $630,000 per year; base salary unchanged.","Confidentiality provisions amended to allow disclosures for sexual harassment, trade secrets, and government inquiries."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366432,"accession_number":"0001104659-22-056180","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K","filed_at":"2022-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Company Q1 net loss $7.6M; revenue negative $0.7M on SPAC mark-to-market losses","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss attributable to Cohen & Company Inc. of $7.6M ($5.46 diluted EPS) vs net income $9.4M ($6.98) in Q1 2021.","Total revenues negative $0.7M driven by $18.4M negative principal transactions from SPAC mark-to-market adjustments.","Board declares quarterly dividend of $0.25 per share, payable June 3, 2022 to holders of record May 20, 2022.","Adjusted pre-tax loss of $5.8M ($4.14 per share) compared to adjusted pre-tax income of $37.6M ($7.52) in prior year quarter.","CEO cites unrealized mark-to-market losses on SPAC holdings; uncertainty in SPAC market may continue to impact results."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":-682000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":366431,"accession_number":"0001104659-22-056311","cik":1270436,"company_name":"Cohen & Co Inc.","ticker":"COHN","form_type":"8-K/A","filed_at":"2022-05-05T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Cohen & Co reports Q1 net loss $7.6M, adjusted pre-tax loss $18.6M; corrects prior release","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss $7.6M ($5.46/diluted share) vs Q4 2021 net income $4.2M ($2.43/share).","Adjusted pre-tax loss $18.6M ($3.35/diluted share) vs Q4 adj. pre-tax income $6.4M ($1.23/share).","Total revenues negative $0.7M; principal transactions negative $18.4M on SPAC mark-to-market.","Board declares $0.25/share quarterly dividend, payable June 3, 2022 to holders of record May 20."],"consensus_eps_estimate":null,"consensus_eps_actual":-5.46,"consensus_revenue_estimate":null,"consensus_revenue_actual":-682000.0,"consensus_period":"2022-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":27501969.035486806,"market_cap_bucket":"microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2022-05-05T23:59:59+00:00|366431"}