Karen Baldwin, Michael Tadross Jr, and Danny Roth are producing while Howard Baldwin, Mark Damon, Bill Immerman and Tamara Birkemoe will executive produce the project, said The Hollywood Reporter.
"Crossing a heist movie set amidst the intense action of a natural disaster was an idea to which I truly responded. It's a chance for me to get back to my roots in doing the adrenaline-pumped action/special-effects films I love to create," Cohen said in a statement.
"Category 5" revolves around a team of tech hackers who infiltrate a US Mint facility on a small coastal town to steal USD 102 million. But a disastrous Category 5 hurricane strikes at the same time, leaving only a meteorologist and a female treasury agent to stop the thieves from getting away with the heist. The film is slated for production in spring/summer of this year.