Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 3

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 3
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 KWAC Common Stock (as defined below) exercised their right to redeem those shares for cash at a price of approximately $13.15 per share, for an aggregate price of approximately $5.3 million, which represented approximately 83.3% of the total KWAC Common Stock then outstanding. The Total Resale Shares being offered for resale in this prospectus represent 128.48% of our current total outstanding Common Stock. The Total Resale Shares represent a substantial percentage of our total outstanding Common Stock as of the date of this prospectus. Additionally, if all of the Private Placement Warrants are exercised, the Selling Securityholders would own an additional 5,854,240 shares of Common Stock, representing an additional 35.2% of the then total outstanding Common Stock. The sale of all securities being offered in this prospectus could result in a significant decline in the public trading price of our Common Stock. Even if the current trading price of the Common Stock is close to the price at which the units were issued in KWAC’s initial public offering, the Selling Securityholders have an incentive to sell because they will still profit on sales due to the lower price at which they purchased their shares compared to the public investors. The public securityholders may not experience a similar rate of return on the securities they purchase due to differences in the purchase prices and the current trading price.

We are an “emerging growth company” under federal securities laws and are subject to reduced public company reporting requirements. Investing in our Common Stock involves a high degree of risk. See “Risk Factors” beginning on page 6 of this prospectus.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

<div align='center'>The date of this prospectus is September 8, 2025</div>

TABLE OF CONTENTS

| ​                                                                                     |   ​ |
| ABOUT THIS PROSPECTUS                                                                 |  ii |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS                                  |  iv |
| PROSPECTUS SUMMARY                                                                    |   2 |
| THE OFFERING                                                                          |   4 |
| RISK FACTORS                                                                          |   6 |
| USE OF PROCEEDS                                                                       |  22 |
| DETERMINATION OF OFFERING PRICE                                                       |  23 |
| MARKET INFORMATION FOR SECURITIES AND DIVIDEND POLICY                                 |