Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 179

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 179
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 The Company expects to pay approximately $ 12.46or an aggregate of $ 124,176from the Trust Account to the redeeming stockholders with respect to such redeemed Public Shares. As of December 31, 2023, the redemption remains outstanding and is included as redemptions payable on the balance sheet.

<div align='center'>F-16</div>

As of December 31, 2023 and 2022, and shares of class A common stock subject to possible redemption, respectively, are presented at redemption value as temporary equity, outside of the stockholders’ deficit section of the balance sheets.

The change in the carrying value of redeemable common stock resulted in charges against additional paid-in capital and accumulated deficit.

At December 31, 2023 and 2022, the Class A common stock reflected in the accompanying balance sheets are reconciled in the following table.

| ​                                                                  
 ​                                                                  | ​ 
 ​ 
 ​ | ​    
 2023 |            ​ 
 December 31, | ​ 
 ​ | ​    
 2022 |            ​ 
 December 31, |
|:-------------------------------------------------------------------|:--|:-----|-------------:|:--|:-----|-------------:|
| As of beginning of the period                                      | ​ | $    |    5,211,674 | ​ | $    |  117,861,531 |
| Less:                                                              | ​ |      |              | ​ |      |              |
| Redemptions                                                        | ​ |      |     -164,309 | ​ |      | -113,037,043 |
| Redemptions payable                                                | ​ |      |     -124,176 | ​ |      |            — |
| Plus:                                                              | ​ |      |              | ​ |      |              |
| Receivable from Sponsor for Trust funding                          | ​ |      |      138,437 | ​ |      |            — |
| Remeasurement adjustment of carrying value to redemption value (1) | ​ |      |      864,261 | ​ |      |      387,186 |
| Class A common stock subject to possible redemption                | ​ | $    |    5,925,887 | ​ | $    |    5,211,674 |

| (1) | The period ended December 31, 2023, includes deposits of $622,965 in the Trust Account made by Wentworth (see Note 1). Such deposits are not included as a