Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 129

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 129
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The Conversion Rate is subject to customary adjustments in the case of certain actions taken with respect to the Common Stock, including distributions to holders of Common Stock in shares, subdivisions, splits or combinations of the Common Stock, issuances, sales of or distribution of convertible securities, options or any other assets to holders of Common Stock for which there is no corresponding distribution in respect of the Series B Convertible Preferred Stock.

Voting Rights

As long as any shares of Series B Convertible Preferred Stock are outstanding, the Company shall not, without the affirmative vote of the holders of a majority of the then outstanding shares of Series B Convertible Preferred Stock amend, alter, repeal or otherwise modify any provision of the Company’s certificate of incorporation or the Series B Certificate of Designations in a manner that would alter or change the terms or the powers, preferences, rights or privileges of the Series B Convertible Preferred Stock as to affect them adversely.

Additionally, holders of the Series B Convertible Preferred Stock shall be entitled to one vote per share and entitled to vote together (as a single class) with the holders of Common Stock on all matters submitted to a vote of stockholders of Holdings, except as otherwise provided in the Certificate of Designations or as required by applicable law

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Warrants Each Warrant outstanding for the purchase of one share of Common Stock is exercisable for one share of Common Stock, with all other terms of such warrants remaining unchanged. The following is a description of the Warrants. Warrants The Warrants will become exercisable on April 14, 2024, provided the Company has an effective registration statement under the Securities Act. Each Warrant entitles the registered holder to purchase one share of Common Stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on April 14, 2024, provided the Company has an effective registration statement under the Securities Act covering the shares of Common Stock issuable upon exercise of the Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances specified in the Warrant Agreement) and such shares are registered, qualified or exempt from registration under the securities, or blue sky laws of the state of residence of the holder. Pursuant to the Warrant Agreement, a warrant holder may exercise its Warrants only for a whole number of shares of Common Stock. This means only a whole warrant may be exercised at a given time