secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001104659-22-056180
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Company Q1 net loss $7.6M; revenue negative $0.7M on SPAC mark-to-market losses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465922056180/0001104659-22-056180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465922056180/tm2214399d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-056180

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