secwatch.observer — SEC 8-K summary
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Issuer:     Cohen & Co Inc. (COHN)
CIK:        0001270436
Form:       8-K
Filed at:   2024-01-02T23:59:59+00:00
Accession:  0001104659-24-000338
Event type: other
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Co. adopts NOL poison pill triggered at 4.95% ownership
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/0001104659-24-000338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/tm2333684d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-000338

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