<SEC-DOCUMENT>0001104659-25-056391.txt : 20250604
<SEC-HEADER>0001104659-25-056391.hdr.sgml : 20250604
<ACCEPTANCE-DATETIME>20250604161116
ACCESSION NUMBER:		0001104659-25-056391
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20250604
DATE AS OF CHANGE:		20250604
EFFECTIVENESS DATE:		20250604

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cohen & Co Inc.
		CENTRAL INDEX KEY:			0001270436
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		ORGANIZATION NAME:           	02 Finance
		EIN:				161685692
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-287770
		FILM NUMBER:		251023226

	BUSINESS ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870
		BUSINESS PHONE:		215-701-9555

	MAIL ADDRESS:	
		STREET 1:		CIRA CENTRE, 2929 ARCH STREET
		STREET 2:		17TH FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19104-2870

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INSTITUTIONAL FINANCIAL MARKETS, INC.
		DATE OF NAME CHANGE:	20110121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COHEN & Co INC.
		DATE OF NAME CHANGE:	20091216

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALESCO FINANCIAL INC
		DATE OF NAME CHANGE:	20061006
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>tm2516963d1_s8.htm
<DESCRIPTION>FORM S-8
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on June&nbsp;4, 2025</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;S-8</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COHEN&nbsp;&amp; COMPANY INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; text-align: center; width: 49%"><B>Maryland</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; width: 2%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center; width: 49%"><B>16-1685692</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center">(State or other jurisdiction of incorporation or organization)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; vertical-align: top"><B>Cira Centre, 2929 Arch Street, Suite&nbsp;1703,</B> <B><BR>
Philadelphia, Pennsylvania</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><B>19104</B></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Zip Code)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>COHEN&nbsp;&amp; COMPANY INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2020 LONG-TERM INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Joseph W. Pooler,&nbsp;Jr.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Chief Financial Officer</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Cira Centre</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2929 Arch Street, Suite&nbsp;1703</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Philadelphia, PA 19104</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name and address of agent for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(215) 701-9555</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Telephone number, including area code, of agent
for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I>Copies to:</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Darrick M. Mix,&nbsp;Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Duane Morris LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>30 South 17th Street</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Philadelphia, PA 19103</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(215) 979-1000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of
 &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company,&rdquo; and &quot;emerging growth
company&quot; in Rule&nbsp;12b-2 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Large accelerated
    filer</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="width: 20%; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Accelerated filer</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Non-accelerated filer</FONT></TD>
    <TD><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Smaller reporting company</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-size: 10pt">Emerging growth company</FONT></TD>
    <TD><FONT STYLE="font-family: Wingdings; font-size: 10pt"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section&nbsp;7(a)(2)(B)&nbsp;of the Securities Act. <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cohen&nbsp;&amp; Company Inc. (the &ldquo;<B>Registrant</B>&rdquo;)
has filed this Registration Statement on form S-8 (this &ldquo;<B>Registration Statement</B>&rdquo;) in accordance with the requirements
of Form&nbsp;S-8&nbsp;under the&nbsp;Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), to register 600,000
additional shares of the Registrant&rsquo;s common stock, par value $0.01 per share (the &ldquo;<B>Common Stock</B>&rdquo;), issuable
pursuant to the&nbsp;Registrant&rsquo;s 2020 Long-Term Incentive Plan, as amended (the &ldquo;<B>Plan</B>&rdquo;). Such shares are being
registered in addition to the Common Stock previously registered for issuance on the Registrant&rsquo;s Registration Statements on Form&nbsp;S-8
concerning the Plan filed with the U.S. Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) on September&nbsp;17,
2021 (Registration No.&nbsp;333-248867); June&nbsp;10, 2021 (Registration No.&nbsp;333-256999); and June&nbsp;3, 2022 (Registration No.&nbsp;333-265424)
(collectively, the &ldquo;<B>Prior Registration Statement</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Effective as of March&nbsp;28, 2025, the Board of Directors of the
Registrant authorized the registration of an additional 600,000 shares of Common Stock under the Plan. In accordance with Instruction
E to the General Instructions to Form&nbsp;S-8, the Registrant is registering the additional 600,000 shares of Common Stock which may,
following approval of the Plan by the Registrant&rsquo;s stockholders, which occurred on June&nbsp;4, 2025, be issued under the Plan pursuant
to this Registration Statement, and the contents of the Prior Registration Statement are incorporated by reference herein except to the
extent supplemented, amended or superseded by the information set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>PART&nbsp;I</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>INFORMATION REQUIRED
IN THE SECTION&nbsp;10(a)&nbsp;PROSPECTUS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The documents containing the information specified
in Item 1 and Item 2 of Part&nbsp;I of Form&nbsp;S-8 will be sent or given to employees as specified by Rule&nbsp;428(b)(1)&nbsp;under
the Securities Act. In accordance with the rules&nbsp;and regulations of the Commission and the instructions to Form&nbsp;S-8, such documents
are not being filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant
to Rule&nbsp;424 under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PART&nbsp;II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><B>Item 3.</B></TD>
    <TD><B>Incorporation of Documents by Reference. </B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following documents filed by the Registrant with the Commission
pursuant to the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange Act</B>&rdquo;), are incorporated into this Registration
Statement by reference (other than, in each case, documents or information deemed to have been furnished and not filed in accordance with
the Commission&rsquo;s rules):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>The Registrant&rsquo;s <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000143774925007158/cohn20241231_10k.htm" STYLE="-sec-extract: exhibit">Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2024, filed with the Commission on March&nbsp;12, 2025</A>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>The Registrant&rsquo;s <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000143774925014235/cohn20250331_10q.htm" STYLE="-sec-extract: exhibit">Quarterly Report on Form&nbsp;10-Q for the quarter ended March&nbsp;31, 2025, filed with the Commission on May&nbsp;2, 2025</A>;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>The Registrant&rsquo;s Current Reports on Form&nbsp;8-K, filed with the Commission on <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000110465925023471/tm259146d1_8k.htm" STYLE="-sec-extract: exhibit">March&nbsp;13, 2025</A>, <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000110465925051612/tm2515826d1_8k.htm" STYLE="-sec-extract: exhibit">May&nbsp;21, 2025</A> and <A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000110465925056384/tm2516968d1_8k.htm">June&nbsp;4, 2025</A>, respectively;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD>The description of the Registrant&rsquo;s shares of Common Stock contained in its registration statement on <FONT><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000119312509253948/d8a12b.htm" STYLE="-sec-extract: exhibit">Form&nbsp;8-A filed by the Registrant with the Commission on December&nbsp;16, 2009</A></FONT> pursuant to Section&nbsp;12(b)&nbsp;of the Exchange Act,
including all amendments and reports filed for the purpose of updating such description; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD>The description of the Registrant&rsquo;s preferred stock purchase rights contained in its registration statement on <FONT><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465920031454/tm207557d5_8a12b.htm" STYLE="-sec-extract: exhibit">Form&nbsp;8-A filed by the Registrant with the Commission on March&nbsp;10, 2020</A></FONT> pursuant to Section&nbsp;12(b)&nbsp;of the Exchange Act, including
all amendments and reports filed for the purpose of updating such description</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">All documents that the Registrant subsequently files pursuant to Sections
13(a), 13(c), 14 and 15(d)&nbsp;of the Exchange Act prior to the filing of a post-effective amendment to this Registration Statement which
indicates that all of the shares of Common Stock offered have been sold or which deregisters all of such shares then remaining unsold,
shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of the filing of
such documents; except as to any portion of any future annual or quarterly report to stockholders or document or current report furnished
under current Items 2.02 or 7.01 of Form&nbsp;8-K, and exhibits furnished on such form that relate to such items, that is not deemed filed
under such provisions. For the purposes of this Registration Statement, any statement contained in a document incorporated or deemed to
be incorporated by reference herein shall be deemed to be modified or superseded to the extent that a statement contained herein or in
any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.
Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><B>Item 8.</B></TD>
    <TD><B>Exhibits. </B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following Exhibits are filed as part of this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 10%"><B>Exhibit&nbsp;No.</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 88%"><B>Description</B></TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000095013404001272/d10735a1exv3w1.txt" STYLE="-sec-extract: exhibit">4.1</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000095013404001272/d10735a1exv3w1.txt" STYLE="-sec-extract: exhibit">Second Articles of Amendment and Restatement (incorporated by reference to Exhibit&nbsp;3.1 to Amendment No.&nbsp;1 to the Registrant&rsquo;s
    Registration Statement on Form&nbsp;S-11 (file no. 333-111018) filed with the Commission on February&nbsp;6, 2004).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312506212079/dex31.htm" STYLE="-sec-extract: exhibit">4.2</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312506212079/dex31.htm" STYLE="-sec-extract: exhibit">Articles of Amendment changing name to Alesco Financial Inc. (incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&rsquo;s
    Registration Statement on Form&nbsp;S-3 (file no. 333-138136) filed with the Commission on October&nbsp;20, 2006).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex31.htm" STYLE="-sec-extract: exhibit">4.3</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex31.htm" STYLE="-sec-extract: exhibit">Articles of Amendment to Effectuate a Reverse Stock Split (incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&rsquo;s
    Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;17, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex32.htm" STYLE="-sec-extract: exhibit">4.4</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex32.htm" STYLE="-sec-extract: exhibit">Articles of Amendment to Set Par Value (incorporated by reference to Exhibit&nbsp;3.2 to the Registrant&rsquo;s Current Report
    on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;17, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex33.htm" STYLE="-sec-extract: exhibit">4.5</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex33.htm" STYLE="-sec-extract: exhibit">Articles Supplementary &mdash; Series&nbsp;A Voting Convertible Preferred Stock (incorporated by reference to Exhibit&nbsp;3.3
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;17, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex34.htm" STYLE="-sec-extract: exhibit">4.6</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex34.htm" STYLE="-sec-extract: exhibit">Articles Supplementary &mdash; Series&nbsp;B Voting Non-Convertible Preferred Stock (incorporated by reference to Exhibit&nbsp;3.4
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;17, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex35.htm" STYLE="-sec-extract: exhibit">4.7</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509254037/dex35.htm" STYLE="-sec-extract: exhibit">Articles of Amendment to change Name to Cohen&nbsp;&amp; Company Inc. (incorporated by reference to Exhibit&nbsp;3.5 to the Registrant&rsquo;s
    Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;17, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509260457/dex31.htm" STYLE="-sec-extract: exhibit">4.8</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312509260457/dex31.htm" STYLE="-sec-extract: exhibit">Articles Supplementary - Series&nbsp;C Junior Participating Preferred Stock (incorporated by reference to Exhibit&nbsp;3.1 to
    the Company&rsquo;s Current Report on Form&nbsp;8-K filed with the SEC on December&nbsp;28, 2009).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312511012457/dex31.htm" STYLE="-sec-extract: exhibit">4.9</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312511012457/dex31.htm" STYLE="-sec-extract: exhibit">Articles of Amendment Changing Name to Institutional Financial Markets,&nbsp;Inc. (incorporated by reference to Exhibit&nbsp;3.1
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on January&nbsp;24, 2011).</A></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 10%"><B>Exhibit&nbsp;No.</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 88%"><B>Description</B></TD></TR>

<TR>
    <TD STYLE="text-align: center; width: 10%"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312505199598/dex31.htm" STYLE="-sec-extract: exhibit">4.10</A></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 88%"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312505199598/dex31.htm" STYLE="-sec-extract: exhibit">By-laws, as amended (incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&rsquo;s Current Report on Form&nbsp;8-K
    (file no. 001-32026) filed with the Commission on October&nbsp;11, 2005).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312512519280/d460032dex31.htm" STYLE="-sec-extract: exhibit">4.11</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312512519280/d460032dex31.htm" STYLE="-sec-extract: exhibit">Articles Supplementary &mdash; Series&nbsp;D Voting Non-Convertible Preferred Stock (incorporated by reference to Exhibit&nbsp;3.1
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on December&nbsp;31, 2012).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312513217065/d537407dex31.htm" STYLE="-sec-extract: exhibit">4.12</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312513217065/d537407dex31.htm" STYLE="-sec-extract: exhibit">Articles Supplementary &mdash; Series&nbsp;E Voting Non-Convertible Preferred Stock (incorporated by reference to Exhibit&nbsp;3.1
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on May&nbsp;13, 2013).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465917055240/a17-21184_1ex3d1.htm" STYLE="-sec-extract: exhibit">4.13</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465917055240/a17-21184_1ex3d1.htm" STYLE="-sec-extract: exhibit">Articles of Amendment Changing Name to Cohen&nbsp;&amp; Company Inc. (incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&rsquo;s
Current Report on Form&nbsp;8-K filed with the Commission on September&nbsp;1, 2017).</A></TD></TR>

<TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465917055240/a17-21184_1ex3d2.htm">4.14</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465917055240/a17-21184_1ex3d2.htm">Articles of Amendment to Effectuate a Reverse Stock Split and to Set Par Value (incorporated by reference to Exhibit&nbsp;3.2
    to the Registrant&rsquo;s Current Report on Form&nbsp;8-K filed with the Commission on September&nbsp;1, 2017).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465919076944/tm1927524d1_ex3-1.htm" STYLE="-sec-extract: exhibit">4.15</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465919076944/tm1927524d1_ex3-1.htm" STYLE="-sec-extract: exhibit">Cohen&nbsp;&amp; Company Inc. Articles Supplementary Series&nbsp;F Voting Non-Convertible Preferred Stock (incorporated
    by reference to Exhibit&nbsp;3.1 to the Registrant&rsquo;s Current Report on Form&nbsp;8-K filed with the Commission on December&nbsp;31,
    2019). </A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312511197000/dex42.htm" STYLE="-sec-extract: exhibit">4.16</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312511197000/dex42.htm" STYLE="-sec-extract: exhibit">Form&nbsp;of 10.50% Contingent Convertible Senior Notes due 2027 (incorporated by reference to Exhibit&nbsp;4.2 to
    the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on July&nbsp;26, 2011).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312507147431/dex41.htm" STYLE="-sec-extract: exhibit">4.17</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312507147431/dex41.htm" STYLE="-sec-extract: exhibit">Junior Subordinated Indenture, dated as of June&nbsp;25, 2007, by and between Alesco Financial Inc. and Wells Fargo
    Bank, N.A. (incorporated by reference to Exhibit&nbsp;4.1 to the Registrant&rsquo;s Current Report on Form&nbsp;8-K (file no. 001-32026)
    filed with the Commission on June&nbsp;29, 2007).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465924007730/tm244313d1_ex4-1.htm" STYLE="-sec-extract: exhibit">4.18</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000110465924007730/tm244313d1_ex4-1.htm" STYLE="-sec-extract: exhibit">Supplemental Indenture No.&nbsp;1 to Junior Subordinated Indenture, dated January&nbsp;26, 2024, by and between Cohen&nbsp;&amp;
    Company Inc. and Wells Fargo Bank, N.A. (incorporated by reference to Exhibit&nbsp;4.1 to the Registrant&rsquo;s Current Report on
    Form&nbsp;8-K filed with the Commission on January&nbsp;29, 2024).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312510052707/dex41.htm" STYLE="-sec-extract: exhibit">4.19</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312510052707/dex41.htm" STYLE="-sec-extract: exhibit">Form&nbsp;of Specimen Stock Certificate (incorporated by reference to Exhibit&nbsp;4.1 to the Registrant&rsquo;s
    Annual Report on Form&nbsp;10-K (file no. 001-32026) filed with the Commission on March&nbsp;10, 2010).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312513217065/d537407dex103.htm" STYLE="-sec-extract: exhibit">4.20</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312513217065/d537407dex103.htm" STYLE="-sec-extract: exhibit">Registration Rights Agreement, dated as of May&nbsp;9, 2013, by and among Institutional Financial Markets,&nbsp;Inc.,
    Cohen Bros. Financial, LLC and Mead Park Capital Partners LLC (incorporated by reference to Exhibit&nbsp;10.3 to the Registrant&rsquo;s
    Current Report on Form&nbsp;8-K (file no. 001-32026) filed with the Commission on May&nbsp;13, 2013).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312514055210/d676998dex418.htm" STYLE="-sec-extract: exhibit">4.21</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="http://www.sec.gov/Archives/edgar/data/1270436/000119312514055210/d676998dex418.htm" STYLE="-sec-extract: exhibit">Form&nbsp;of Indenture (incorporated by reference to Exhibit&nbsp;4.18 to the Registrant&rsquo;s Registration Statement
    on Form&nbsp;S-3 (file no. 333-193975) filed with the Commission on February&nbsp;14, 2014).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000127043620000003/cohn-20191231xex4_7.htm" STYLE="-sec-extract: exhibit">4.22</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000127043620000003/cohn-20191231xex4_7.htm" STYLE="-sec-extract: exhibit">Description of Securities Registered Pursuant to Section&nbsp;12 of the Securities Exchange Act of 1934 (incorporated
    by reference to Exhibit&nbsp;4.7 to the Registrant&rsquo;s Annual Report on Form&nbsp;10-K filed with the Commission on March&nbsp;6,
    2020).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465920106110/tm2031002d1_ex4-24.htm" STYLE="-sec-extract: exhibit">4.23</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465920106110/tm2031002d1_ex4-24.htm" STYLE="-sec-extract: exhibit">Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan (incorporated by reference to Exhibit&nbsp;4.24 to the
    Registrant&rsquo;s Registration Statement on Form&nbsp;S-8 filed with the Commission on September&nbsp;17, 2020).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465921049808/tm212435-1_pre14a.htm#tANNEXA" STYLE="-sec-extract: exhibit">4.24</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465921049808/tm212435-1_pre14a.htm#tANNEXA" STYLE="-sec-extract: exhibit">Amendment No.&nbsp;1 to the Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan (incorporated by reference
    to Annex A to the Registrant&rsquo;s Definitive Proxy Statement on Schedule 14A filed with the Commission on April&nbsp;13, 2021).</A></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 4 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 10%"><B>Exhibit&nbsp;No.</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 88%"><B>Description</B></TD></TR>

<TR>
    <TD STYLE="text-align: center; width: 10%"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465922045771/tm223453-1_def14a.htm#tANNA" STYLE="-sec-extract: exhibit">4.25</A></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 88%"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465922045771/tm223453-1_def14a.htm#tANNA" STYLE="-sec-extract: exhibit">Amendment No.&nbsp;2 to the Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan, dated March&nbsp;29, 2022,
    to the original Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan (incorporated by reference to Annex A of the Company&rsquo;s
    Definitive Proxy Statement on Schedule 14A filed with the SEC on April&nbsp;14, 2022).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000110465925035625/tm252367-1_def14a.htm" STYLE="-sec-extract: exhibit">4.26</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/ix?doc=/Archives/edgar/data/1270436/000110465925035625/tm252367-1_def14a.htm" STYLE="-sec-extract: exhibit">Amendment No.&nbsp;3 to the Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan, dated March&nbsp;29, 2022,
    to the original Cohen&nbsp;&amp; Company Inc. 2020 Long-Term Incentive Plan (incorporated by reference to Annex A of the Company&rsquo;s
    Definitive Proxy Statement on Schedule 14A filed with the SEC on April&nbsp;17, 2025).</A></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/tm2333684d2_ex4-1.htm">4.27</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="https://www.sec.gov/Archives/edgar/data/1270436/000110465924000338/tm2333684d2_ex4-1.htm">Section&nbsp;382 Rights Agreement, dated as of January&nbsp;2, 2024, between Cohen&nbsp;&amp; Company
    Inc. and Computershare Inc. (incorporated by reference to Exhibit&nbsp;4.1 to the Company&rsquo;s Current Report on Form&nbsp;8-K
    filed with the SEC on January&nbsp;2, 2024).</A></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="tm2516963d1_ex5-1.htm">5.1*</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="tm2516963d1_ex5-1.htm">Opinion of Duane Morris LLP. </A></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="tm2516963d1_ex23-1.htm">23.1*</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="tm2516963d1_ex23-1.htm">Consent of Grant Thornton LLP,&nbsp;Independent Registered Public Accounting Firm.</A></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="tm2516963d1_ex5-1.htm">23.2*</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="tm2516963d1_ex5-1.htm">Consent of Duane Morris LLP (included in Exhibit&nbsp;5.1).</A></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="#a_001">24.1*</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="#a_001">Power of Attorney (included on signature pages&nbsp;of this Registration Statement).</A></TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="text-align: center"><A HREF="tm2516963d1_ex-filingfees.htm">107.1*</A></TD>
    <TD>&nbsp;</TD>
    <TD><A HREF="tm2516963d1_ex-filingfees.htm">Filing Fee Table.</A></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">*&#8239;&#8239; Filed herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in"><B>Item 9.</B></TD>
    <TD><B>Undertakings. </B></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
undersigned Registrant hereby undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(1)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
include any prospectus required by Section&nbsp;10(a)(3)&nbsp;of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(ii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective
amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range
may be reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;if, in the aggregate, the changes
in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &ldquo;Calculation of
Registration Fee&rdquo; table in the effective Registration Statement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(iii)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any
material change to such information in the Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>Provided, however,</I> that paragraphs (a)(1)(i)&nbsp;and
(a)(1)(ii)&nbsp;do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of the Exchange
Act that are incorporated by reference in the Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(2)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new
Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(3)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination
of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the
Registrant&rsquo;s annual report pursuant to Section&nbsp;13(a)&nbsp;or Section&nbsp;15(d)&nbsp;of the Exchange Act (and, where applicable,
each filing of an employee benefit plan&rsquo;s annual report pursuant to Section&nbsp;15(d)&nbsp;of the Exchange Act) that is incorporated
by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of
the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a
claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director,
officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel
the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="a_001"></A>SIGNATURES AND POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933, the Registrant
certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused
this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Philadelphia, Commonwealth
of Pennsylvania, on June&nbsp;4, 2025.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">COHEN&nbsp;&amp; COMPANY INC.</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; text-align: left; width: 47%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Lester R. Brafman</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Lester
    R. Brafman</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">Chief Executive Officer</TD></TR>
  <TR>
    <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: top">(Principal Executive Officer)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Lester R. Brafman and Joseph W. Pooler,&nbsp;Jr., and each of them, with full power to act without
the other, as such person&rsquo;s true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for
him or her and in his or her name, place and stead, in any and all capacities, to sign this registration statement and any and all amendments
thereto, and to file the same, with exhibits and schedules thereto, and other documents in connection therewith, with the Securities and
Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each
and every act and thing necessary or desirable to be done in and about the premises, as fully to all intents and purposes as he or she
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, or their or his
or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 25%"><B>Signatures</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 56%"><B>Title</B></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: center; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 15%"><B>Date</B></TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">/s/ Lester R. Brafman</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Chief Executive Officer</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Lester R. Brafman</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Principal Executive Officer)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: center">/s/ Daniel G. Cohen</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Executive Chairman</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Daniel G. Cohen</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: center">/s/ G. Steven Dawson</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>G. Steven Dawson</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: center">/s/ Jack J. DiMaio,&nbsp;Jr.</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Jack J. DiMaio,&nbsp;Jr.</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: center">/s/ Jack Haraburda</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Jack Haraburda</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; text-align: center">/s/ Diana Louise Liberto</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">Director</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Diana Louise Liberto</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; text-align: center">/s/ Joseph W. Pooler,&nbsp;Jr.</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">Executive Vice President, Chief Financial Officer and Treasurer</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Joseph W. Pooler,&nbsp;Jr.</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Principal Financial Officer)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="text-align: center; border-bottom: black 1pt solid; vertical-align: top"><B>&nbsp;</B> /s/ Douglas Listman</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">Chief Accounting Officer and Assistant Treasurer</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">June&nbsp;4, 2025</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: center"><B>Douglas Listman</B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">(Principal Accounting Officer)</TD>
    <TD STYLE="text-align: center; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; vertical-align: top">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>tm2516963d1_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 5.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="text-align: center; width: 33%">NEW YORK<BR>
    LONDON<BR>
    SINGAPORE<BR>
    PHILADELPHIA<BR>
    CHICAGO<BR>
    WASHINGTON, DC<BR>
    SAN FRANCISCO<BR>
    SILICON VALLEY<BR>
    SAN DIEGO<BR>
    LOS ANGELES<BR>
    BOSTON<BR>
    HOUSTON<BR>
    DALLAS<BR>
    FORT WORTH<BR>
AUSTIN</TD>
  <TD STYLE="text-align: center; width: 34%"><IMG SRC="tm2516963d1_5-1img01.jpg" ALT=""><P STYLE="margin-top: 0; margin-bottom: 0"></P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0"><I>&nbsp;</I></P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0"><I>FIRM and AFFILIATE OFFICES</I></P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                             <P STYLE="margin-top: 0; margin-bottom: 0"><I>www.duanemorris.com</I></P></TD>
  <TD STYLE="text-align: center; width: 33%"><P STYLE="margin-top: 0; margin-bottom: 0">HANOI <BR>
HO CHI MINH CITY<BR>
SHANGHAI<BR> ATLANTA<BR> BALTIMORE<BR> WILMINGTON<BR> MIAMI<BR> BOCA RATON<BR> PITTSBURGH<BR> NORTH JERSEY<BR> LAS VEGAS<BR>SOUTH JERSEY <BR>
SYDNEY <BR>
MYANMAR <BR>
<BR>
ALLIANCES IN MEXICO</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">June 4, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Cohen &amp; Company Inc.<BR>
2929 Arch Street, Suite 1703<BR>
Philadelphia, Pennsylvania 19104</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD>Cohen &amp; Company Inc. - Registration Statement on Form S-8 Relating to the<BR>
 <U>Cohen &amp; Company Inc. 2020 Long-Term Incentive
Plan</U></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have acted as counsel to Cohen &amp; Company
Inc., a Maryland corporation (the &ldquo;<B>Company</B>&rdquo;), in connection with the preparation of a registration statement on Form
S-8 (the &ldquo;<B>Registration Statement</B>&rdquo;). The Registration Statement is to be filed with the U.S. Securities and Exchange
Commission pursuant to the Securities Act of 1933, as amended (the &ldquo;<B>Act</B>&rdquo;), for the registration by the Company of 600,000
shares of the Company&rsquo;s common stock, par value $0.01 per share (collectively, the &ldquo;<B>Shares</B>&rdquo;), which may be issued
under the Cohen &amp; Company Inc. 2020 Long-Term Incentive Plan, as amended (the &ldquo;<B>Plan</B>&rdquo;). This opinion letter is being
furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as
to any matter pertaining to the contents of the Registration Statement, other than as expressly set forth herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the opinion set forth in this
opinion letter, we have examined the Registration Statement, originals, or copies certified or otherwise identified to our satisfaction,
of the Plan, the Company&rsquo;s Second Articles of Amendment and Restatement, as amended, and the Company&rsquo;s By-laws, and such other
documents, records and other instruments as we have deemed appropriate for purposes of the opinion set forth herein. With your consent,
we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently
verified such factual matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We have assumed the genuineness of all signatures,
the legal capacity of all natural persons, the authenticity of the documents submitted to us as originals, the conformity with the originals
of all documents submitted to us as certified, facsimile, photostatic or other copies and the authenticity of the originals of all documents
submitted to us as copies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: top; width: 50%; font-size: 9pt; font-variant: small-caps"><FONT STYLE="font-size: 9pt">Duane
    Morris LLP</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; width: 50%; font-size: 9pt; text-transform: uppercase"><FONT STYLE="font-size: 9pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font-size: 9pt">
    <TD STYLE="vertical-align: bottom; font-size: 9pt; text-transform: uppercase"><FONT STYLE="font-size: 9pt">30 South 17th Street<BR>
    Philadelphia, PA&nbsp;&nbsp;19103-4196</FONT></TD>
    <TD STYLE="vertical-align: top; font-size: 9pt; text-transform: uppercase; text-align: right"><FONT STYLE="font-size: 9pt">Phone:
    +1 215 979 1000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fax: +1 215 979 1020</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><IMG SRC="tm2516963d1_5-1img02.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">June 4, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Page 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Based upon the foregoing, and in reliance thereon,
and subject to the assumptions, limitations, qualifications and exceptions set forth herein,&nbsp;we are of the opinion that the Shares
to be issued by the Company under the Plan, when issued in accordance with the terms and conditions of the Plan, will be legally issued,
fully paid and non-assessable.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The opinion set forth above is limited to the Maryland
General Corporation Law as currently in effect, and no opinion is expressed with respect to such laws as subsequently amended, or any
other laws, or any effect that such amended or other laws may have on the opinion expressed herein. The opinion expressed herein is limited
to the matters stated herein and no opinion is implied or may be inferred beyond the matters expressly stated herein. The opinion expressed
herein is given as of the date hereof, and we undertake no obligation to advise you of any changes in applicable laws after the date hereof
or of any facts that might change the opinions expressed herein that we may become aware of after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">We hereby consent to the use of this opinion letter
as Exhibit 5.1 to the Registration Statement to be filed by the Company on or about the date hereof. In giving the opinion herein set
forth, we do not hereby admit that we are acting within the category of persons whose consent is required under Section 7 of the Act or
the rules or regulations of the U.S. Securities and Exchange Commission thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 50%">Very truly yours,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD> /s/ Duane Morris LLP &nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in"></P>

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<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>3
<FILENAME>tm2516963d1_ex23-1.htm
<DESCRIPTION>EXHIBIT 23.1
<TEXT>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Exhibit 23.1</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We have issued our report dated March 12, 2025 with respect to the
consolidated financial statements of Cohen &amp; Company Inc. included in the Annual Report on Form 10-K for the year ended December 31,
2024, which is incorporated by reference in this Registration Statement on Form S-8. We consent to the incorporation by reference of the
aforementioned report in this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ GRANT THORNTON LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Philadelphia, Pennsylvania</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">June 4, 2025</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>4
<FILENAME>tm2516963d1_ex-filingfees.htm
<DESCRIPTION>EX-FILING FEES
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>Exhibit 107</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Calculation of Filing
Fee Table</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Form S-8</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Form Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Cohen &amp; Company
Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Exact Name of Registrant
as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><U>Table 1: Newly Registered
Securities</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 90%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Security Type</B></FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><B>Security<BR> Class</B> <B><BR>
Title</B></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Fee<BR> Calculation<BR> Rule</B></FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount<BR> Registered<SUP>(1)</SUP></B></FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: black 1pt solid"><B>Proposed<BR> Maximum</B> <B>Offering<BR> Price Per<BR> Unit<SUP>(2)</SUP></B></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: black 1pt solid"><B>Maximum<BR> Aggregate</B> <B><BR>
Offering</B> <B><BR>
Price<SUP>(2)</SUP></B></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: black 1pt solid"><B>Fee</B> <B><BR>
Rate</B></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Amount of<BR> Registration<BR> Fee<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD STYLE="width: 23%; padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="text-align: center; width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-bottom: 1.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Common Stock, $0.01 par value per share</FONT></TD>
    <TD STYLE="text-align: center; width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="width: 10%; padding-bottom: 1.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Rule 457(c) and <BR> Rule 457(h)</FONT></TD>
    <TD STYLE="text-align: center; width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">600,000</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">$7.82</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt"><SUP>(2)</SUP></FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%">$</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt"> 4,692,000&nbsp;</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 8%; font-size: 10pt"><FONT STYLE="font-size: 10pt">0.0001531</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 8%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">718.35</FONT></TD>
    <TD STYLE="width: 1%; padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Equity</FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Preferred Stock Purchase Rights<SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="text-align: center; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #CCEEFF">
    <TD COLSPAN="8" STYLE="vertical-align: bottom; padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Offering Amounts</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom">$</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: top; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt"> 4,692,000</FONT></TD>
    <TD STYLE="vertical-align: top; padding-bottom: 1.25pt; font-size: 10pt"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">718.35</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Fees Previously Paid</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #CCEEFF">
    <TD COLSPAN="8" STYLE="padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Total Fee Offsets</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">&mdash;</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="padding-bottom: 1.25pt; padding-left: 8.25pt; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt">Net Fee Due</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt"><FONT STYLE="font-size: 10pt">$</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">718.35</FONT></TD>
    <TD STYLE="padding-bottom: 1.25pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.25in; font-size: 10pt">(1)</TD>
    <TD STYLE="font-size: 10pt">Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), this Registration Statement on Form S-8 (this &ldquo;<B>Registration Statement</B>&rdquo;) of Cohen &amp; Company Inc. (the &ldquo;<B>Registrant</B>&rdquo;) shall also cover such additional shares of the Registrant&rsquo;s common stock, par value $0.01 per share (&ldquo;<B>Common Stock</B>&rdquo;), as may hereafter be offered or issued to prevent dilution resulting from stock splits, stock dividends, recapitalizations or similar transactions.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">(2)</TD>
    <TD STYLE="font-size: 10pt">Calculated pursuant to Rule 457(c) and (h) under the Securities Act based upon the average ($7.82) of the high ($7.83) and low ($7.81) prices of the Common Stock reported by the NYSE American Stock Exchange on May 30, 2025, which is within five (5) business days prior to the date of this Registration Statement. </TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">(3)</TD>
    <TD STYLE="font-size: 10pt">Each share of Common Stock is accompanied by a right to purchase a unit consisting of one ten-thousandth of a share of the Registrant&rsquo;s Series C Junior Participating Preferred Stock, par value $0.001 per share, pursuant to a Rights Agreement between the Registrant and Computershare Inc., as Rights Agent.</TD></TR>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
