Company: BCG
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001410578-25-000663
Chunk: 163

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 163
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 one year. The Company classifies these leases as operating leases. These leases generally contain renewal options for periods ranging from 2 to 10 years. Because the Company is not reasonably certain to exercise these renewal options, the optional periods are not included in determining the lease term, and associated payments under these renewal options are excluded from lease payments used to determine the lease liability. The Company’s leases do not include termination options for either party to the lease or restrictive financial or other covenants. Payments due under the lease contracts include fixed payments plus, for many of the Company’s leases, variable payments. The Company’s office space leases require it to make variable payments for the Company’s proportionate share of the building’s property taxes, insurance, and common area maintenance. These variable lease payments are not included in lease payments used to determine lease liability and are recognized as variable costs when incurred. The components of lease cost for the years ended December 31, 2024 and 2023 are as follows (in thousands):

| ​                    | ​ 
 ​ | ​ |     ​ 
  2024 | ​ | ​ |     ​ 
  2023 |
|:---------------------|:--|:--|------:|:--|:--|------:|
| Operating lease cost | ​ | $ | 1,112 | ​ | $ | 1,141 |
| Variable lease cost  | ​ |   |    38 | ​ |   |    48 |
| Total lease cost     | ​ | $ | 1,150 | ​ | $ | 1,189 |

Total lease cost is included rent and occupancy on the consolidated statements of operations.

F-20

13. LEASES (continued) Amounts reported in the consolidated statements of financial condition as of December 31, 2024 and 2023 were as follows (in thousands):

| ​                           | ​ 
 ​ | ​ |     ​ 
  2024 | ​ | ​ |     ​ 
  2023 |
|:----------------------------|:--|:--|------:|:--|:--|------:|
| Operating lease ROU assets  | ​ | $ | 3,730 | ​ | $ | 4,332 |
| Operating lease liabilities | ​ | $ | 3,820 | ​ | $ | 4,381 |

Other supplemental information related to leases as of December 31, 2024 and 2023 was as follows: Cash paid for amounts included