Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 73

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 73
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 ​ | ​ |      ​ 
   2023 |
|:----------------------------------------------------|:---------------|:--|-------:|:--|:--|-------:|
| Net cash (used in) provided by operating activities |                | $ | -2,411 | ​ | $ |    362 |
| Net cash used in investing activities               |                |   |    -18 | ​ |   |    -88 |
| Net cash provided by (used in) financial activities |                |   |  2,061 | ​ |   | -1,851 |
| Net change in cash flows                            |                | $ |   -368 | ​ | $ | -1,577 |

Cash Flows from Operating Activities. Net cash used in operating activities was $2.4 million for the nine-month period ended September 30, 2024, compared to net cash provided by of $0.4 million for the nine-month period ended September 30 2023, representing a decrease of approximately $2.7 million or 766%. The decrease was primarily attributable to the decrease in net income of approximately $4.9 million to a net loss of $(3.5) million. Cash Flows from Investing Activities. Net cash used in investing activities was $.02 million for the nine-month period ended September 30, 2024, compared to $0.1 million for the nine-month period ended September 30, 2023. The increase was primarily related to a decrease in the purchases of property and equipment. Cash Flows from Financing Activities. Net cash provided by financing activities was approximately $2.0 million for the nine-month period ended September 30, 2024 compared to cash used in financing activities of approximately $1.9 million for the nine-month period ended September 30, 2023. The change is primarily related to the proceeds received from the Redeemable Convertible Preferred Financing offset by the repayments of the BMS related party debt obligations.

45

The following table sets forth a summary of cash flows for the years ended December 31, 2023 and 2022:

| ​                                         | ​              
 (in thousands) | ​ |      ​ 
   2023 | ​ | ​ |      ​ 
   2022 |
|:------------------------------------------|:---------------|:--|-------:|:--|:--|-------:|
| Net cash provided by operating activities | ​              | $ |  2,553 | ​