Item 8.01. Other Events.
On December 31, 2021, Cowen Inc. (the "Company") irrevocably elected to cash
settle $1,000 of its obligation in respect of each conversion of any share of
its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock, par value
$0.01 per share (the "Convertible Preferred Stock") (to the extent permitted
under the Certificate of Designations of the Convertible Preferred Stock (the
"Certificate of Designations") and, at the time of each conversion, to the
extent the Company has lawfully available funds to satisfy its obligations in
respect thereof). With respect to each conversion, to the extent the conversion
obligation per share of Convertible Preferred Stock is greater than $1,000.00,
the Company may satisfy its conversion obligation in respect of such excess
using any settlement method permitted under the Certificate of Designations.
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