Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 122

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 122
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 Convertible Preferred Stock, and use its reasonable best efforts to ensure that such registration statement remains effective. |

| ● | Following a breach or default by the Company of the leverage covenants above for more than two (2) consecutive fiscal quarters and if such breach or default is not cured (or is incapable of being cured) within 180 days (unless the holders of a majority of the Series A Convertible Preferred Stock waives such breach or default), the holders of a majority of the outstanding shares of Series A Convertible Preferred Stock shall have the right to: |

| i. | obtain majority control of the Company’ board of directors; |

| ii. | require that the Company controlling stockholders vote in favor of any sale transaction approved by the PIPE Investor. |

Information Rights So long as any shares of Preferred Stock remain outstanding the Corporation will provide the Series A Investor with certain information rights, including providing (i) a copy of the audited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of operations, changes in common stockholders’ equity and cash flows for such year, (ii) the unaudited consolidated balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of operations and cash flows of the Company and its consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for and as of the corresponding periods of the previous year, (iii) copies of all financial statements and periodic reports which the Company may file with the SEC (or any successor thereto), (iv) copies of all registration statements and any amendments and exhibits thereto, which the Company may file with the SEC (or any successor thereto) and (v) subject to a customary confidentiality agreement, information provided to the Board in connection with its regular meetings. Board Rights Following the conversion by the Series A Purchaser of its shares of Series A Convertible Preferred Stock into 5% or more of the outstanding shares Common Stock, the Series A Purchaser will be entitled to nominate one director to serve on the Company board, and the parties will vote their shares in favor of such nominee; and

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Following the conversion by the PIPE Investor of its shares of Series A Convertible Preferred Stock into 15% or more of the outstanding shares Common Stock, the Series A Purchaser will be