Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 178

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 178
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 10,036,744shares of class A common stock. As a result, an aggregate of $ 102,894,278(or approximately $ 10.25per share) was released from the Trust Account to pay such redeeming stockholders. On November 23, 2022, the Company held a special meeting in lieu of an annual meeting at which the Company’s stockholders approved extending the date by which the Company had to complete a Business Combination from November 24, 2022 to May 24, 2023. In connection with the approval of the extension, stockholders elected to redeem an aggregate of 954,800shares of class A common stock. As a result, an aggregate of $ 10,142,765(or approximately $ 10.62per share) was released from the Trust Account to pay such redeeming stockholders. On May 18, 2023, the Company convened a special meeting at which the Company’s stockholders approved extending the date by which the Company had to complete a Business Combination from May 24, 2023 to August 24, 2023. In connection with the approval of the extension, stockholders elected to redeem an aggregate of 14,406shares of class A common stock. As a result, an aggregate of $ 164,297(or approximately $ 11.40per share) was released from the Trust Account to pay such stockholders. On August 17, 2023, the Company convened a special meeting of stockholders virtually and voted in the affirmative on the proposal to extend the date by which the Company must complete its initial Business Combination from August 24, 2023 to November 24, 2023 (the “Extension Amendment Proposal 4”). In connection with the Extension Amendment Proposal 4, a shareholder holding onePublic Share exercised their right to redeem such Public Share for a pro rata portion of the Trust Account. On August 23, 2023, the Company paid from the Trust Account $ 12.23to the redeeming shareholder. On November 17, 2023, the Company held a special meeting at which the Company’s stockholders approved extending the date by which the Company must complete its initial Business Combination from November 24, 2023 to February 24, 2024. In connection with the approval of the extension, stockholders elected to redeem 9,966Public Share and exercised their right to redeem such Public Share for a pro rata portion of the Trust Account.