Cohen & Company restructures $5M related-party note, extends maturity to Aug 2027

Cohen & Co Inc.

Original $5,145,926.67 note from Sep 2024 replaced with $5,000,000 Amended and Restated Senior Promissory Note.
Unpaid principal and interest of $2,625,409.50 plus $2,374,590.50 new cash from investor = $5,000,000 total.
New note matures Aug 31, 2027; 10% interest payable quarterly starting Nov 30, 2026; default rate 11%.
Investor JKD Capital Partners I LTD is owned by board member Jack J. DiMaio, Jr. and his spouse; related-party transaction.
No prepayment before Jan 31, 2027; after that allowed with 31 days' notice; note is senior, no senior debt after Aug 31, 2026.

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