Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 42

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 42
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 stock exchange under the symbols “KWAC” and “KWAC.WS,” respectively. As of February 13, 2025, following the Business Combination, there were 16,602,460 shares of Common Stock issued and outstanding held of record by 29 holders, and warrants to purchase an aggregate of 8,588,425 shares of Common Stock outstanding held of record by 11 holders.

#### Dividends
We have not paid any cash dividends on our Common Stock to date. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition. The payment of any cash dividends will be within the discretion of our Board at such time. In addition, we are not currently contemplating and do not anticipate declaring any stock dividends in the foreseeable future as it is currently expected that available cash resources will be utilized in connection with our ongoing operations and development.

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UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION Defined terms included below shall have the same meaning as terms defined and included elsewhere in this proxy statement/prospectus. The following unaudited pro forma condensed combined financial information presents the combination of the financial information of KWAC and Wentworth adjusted to give effect to the Business Combination, including the PIPE Financing. The following unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X. The unaudited pro forma condensed combined balance sheet as of December 31, 2023, combines the historical balance sheet of KWAC and the historical balance sheet of Wentworth on a pro forma basis as if the Business Combination had been consummated on December 31, 2023. The unaudited pro forma combined statement of operations for the year ended December 31, 2023 combines the historical statements of operations of KWAC and Wentworth for such period on a pro forma basis as if the Business Combination and the transaction contemplated by the merger Agreement summarized below, had been consummated on January 1, 2023, the beginning of the earliest period presented. The transactions contemplated by the Merger Agreement that are given pro forma effect include:

| ● | Wentworth Adjustments represent transaction that occurred at the closing of Business Combination that are required to be presented to illustrate the effects of the Business Combination of a Pro Forma basis including the following: |

| ● | Payment of certain Class B Preferred Units |

| ● | Transaction accounting