Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 114

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 114
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 the quotient of (i) $10.00 divided, by (ii) the product of (A) .80 multiplied by, (B) the volume weighted average price for the 20 trading days during the 30-day period immediately prior to such conversion, provided that in no event shall the denominator be less than $6.00 per share.

Optional Redemption

The Company may, at its option, in whole, or part, redeem the Series B Convertible Preferred Stock any time after the first anniversary of the date of the Series B Subscription Agreement at a redemption price equal to the greater of (i) $12.00 per share of Series B Convertible Preferred Stock, plus accrued but unpaid dividends or (A) 1.20 multiplied by (B) the volume weighted average price for 20 trading days during the 30-day period immediately prior to the redemption; provided that such price shall not greater than $20.00.

Anti-dilution Provisions

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.

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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

#### 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