Company: BCG
Filing Date: 2025-02-11
Form Type: 8-K/A
Source: 0001104659-25-011011
Chunk: 2

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-11
Form: 8-K/A
Chunk 2
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 of this
Amendment is incorporated herein by reference.

Item 4.01. Changes in Registrant’s Certifying Accountant.

On March 15, 2024, the Audit Committee of the Board approved FGMK,
LLC (“FGMK”) as its independent registered public accounting firm. FGMK previously served as the independent
registered public accounting firm of Wentworth prior to the Business Combination. Accordingly, Binah Capital Group, Inc. intended to dismiss
Marcum LLP ("Marcum"), the independent registered public accounting firm prior to the Business Combination of
Binah Capital Corp. (formerly known as Kingswood Acquisition Corp.), a wholly owned subsidiary of Binah Capital Group, Inc. ("KWAC"),
following the completion of its audit of KWAC's financial statements as of and for the year ended December 31, 2023. The Audit Committee
of the Board of Binah Capital Group, Inc. dismissed Marcum on February 5, 2025.

Marcum’s report of independent registered public accounting firm
dated December 13, 2024 on the balance sheets of KWAC as of December 31, 2023 and 2022, the related statements of operations, changes
in stockholders’ deficit and cash flows for each of the two years in the period ended December 31, 2023, and the related notes to
the financial statements did not contain any adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainties,
audit scope or accounting principles.

During the two years in the period ended December 31, 2023, there
were no (i) “disagreements” (as such term is defined in Item 304(a)(1)(iv) of Regulation S-K) by KWAC with Marcum on any
matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements,
if not resolved to the satisfaction of Marcum, would have caused Marcum to make reference thereto in its reports on KWAC’s
financial statements for such periods, or (ii) “reportable events” (as described in Item 304(a)(1)(iv) other than the material weaknesses in internal controls
identified by management as of December 31, 2023 related to lack of controls in the accounting for complex financial instruments including
those requiring them to apply complex accounting principles as a means of differentiating between liability, temporary equity and permanent
equity classification and including proper classification of gain on private