Cohen & Company ( (COHN) ) has shared an update.
Cohen & Company, LLC has finalized a Redemption Agreement with JKD Capital Partners I LTD, terminating a previous Investment Agreement. The deal involved a repayment of $2,572,963.33 in cash and the issuance of a Senior Promissory Note for the remaining $5,145,926.67. This Note, carrying a 12% interest rate, sets a repayment schedule with half due in August 2025 and the rest in August 2026, with a provision for acceleration in case of default. This financial maneuver simplifies the company’s obligations and demonstrates proactive debt management to those keeping an eye on the market.
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