Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 71

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 71
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| Promissory notes – affiliates(2) | ​ |                        |  5,442 |   |                  |   129 | ​ |             |  5,313 | ​ |             |      — | ​ | ​                 | — |
| Operating lease obligations(3)   | ​ |                        |  4,405 |   |                  |   777 | ​ |             |  2,228 | ​ |             |  1,400 | ​ | ​                 | — |
| ​                                |   | $                      | 30,147 |   | $                | 2,936 |   | $           | 15,661 |   | $           | 11,550 |   | $                 | — |

| (1) | Represents principal obligations related to the Byline Credit Agreement that was entered into during the years ended December 31, 2024. |

| (2) | Represents the obligations under the amounts due to certain sellers of the PKSH entities. The amount includes accrued interest as of December 31, 2024 and the notes mature in March 2027. |

| (3) | Represents future minimum lease payments as of December 31, 2024, under non-cancelable office leases. |

Critical Accounting Policies and Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Although these estimates are based on the Company’s knowledge of current events and actions the Company may undertake in the future, actual results could differ from those estimates and assumptions. Revenue Recognition Revenues from contracts with customers are recognized when control of the promised services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. Management exercises judgment in determining whether the Company is the principal (i.e., reports revenues on a gross basis) or agent (i.e., reports revenue on a net basis). For additional information see Note 5 in the consolidated financial statements as of and for the years ended December 31, 2024 and 2023. Goodwill and Other Intangible Assets Goodwill and other intangible assets are tested annually for impairment or if certain events occur indicating that the carrying amounts may be impaired. We have the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair