Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 207

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 207
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 a cumulative dividend at a rate of nine percent (%) per annum, payable and compounded quarterly on the last day of each quarter. At the discretion of Holdings, the payment may be made in cash or up to % of the amount due, in duly authorized, validly issued, fully paid and non-assessable share of Holdings Series A Stock at a value of $ per share. For the year ended December 31, 2024, the Company paid dividends under the Series A PIPE in the amount of approximately $ million of which $0.56 million was paid in cash and $ was paid in-kind.

The Holdings Series A Stock has liquidation preferences in the event of a voluntary or involuntary liquidation as follows:

| ● | The greater of $12.50 per share of Holdings Series A Stock if such liquidation occurs prior to the first anniversary of the Funding Date; |

| ● | $13.00 per share of Holdings Series A Stock if such liquidation occurs prior to the second anniversary of the Funding Date; |

| ● | $15.00 per share of Holdings Series A Stock if such liquidation occurs prior to the third anniversary of the Funding Date; |

| ● | $16.00 per share of Holdings Series A Stock if such liquidation occurs prior to the fourth anniversary of the Funding Date. |

Holdings, at its option, may redeem the Series A Stock on any anniversary of the Funding date up to an including the fourth anniversary of the Funding date at the following redemption prices:

| ● | $11.50 per share of Series A Stock on the first anniversary of the Funding Date; |

| ● | $13.00 per share of Series A Stock on the second anniversary of the Funding Date; |

| ● | $15.00 per share of Series A Stock on the third anniversary of the Funding Date; |

| ● | $16.00 per share of Series A Stock on the fourth anniversary of the Funding Date; |

If the Series A Stock have not previously been redeemed or converted, the Series A Stock will be redeemed by Holdings on the fourth anniversary of the Funding Date.

15.SERIES B CONVERTIBLE PREFERRED STOCK On September 4, 2024, the Company entered into a Subscription Agreement with an investor for the purchase of 150,000shares of Holdings’ Series B Convertible Preferred Stock, par value $ .0001(the “ Holdings Series B Stock”) in a private placement at $ 10.00per share, for an aggregate purchase price of $ 1.5