Cohen & Co amends $5 million note to insider-linked investor, due August 2027
Cohen & Company's operating subsidiary replaced a $5,145,926.67 senior promissory note with a $5,000,000 amended and restated note held by JKD Capital Partners I LTD, an entity owned by board member Jack J. DiMaio, Jr. and his spouse. The new note carries 10% annual interest payable quarterly and matures August 31, 2027, with a higher 11% rate after an event of default.
Key points
- Amended and restated note in the principal amount of $5,000,000, combining $2,625,409.50 of unpaid original principal and interest with $2,374,590.50 of new cash from the investor.
- Interest accrues at 10% per year, payable in cash quarterly beginning November 30, 2026; principal due August 31, 2027.
- Note cannot be prepaid before January 31, 2027; afterward, prepayment requires at least 31 days' written notice and carries no penalty.
- The note is senior to the subsidiary's existing indebtedness, and the subsidiary may not take on new debt senior to it after August 31, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 31, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.