Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 209

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 209
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 price of $ per share if the closing price of the Company’s Class A common stock equals or exceeds $ per share for any trading days within a - trading day period. The Warrants will expire after the Closing Date or earlier upon redemption or liquidation.

The Warrants are classified as derivative liabilities under ASC Topic 480 or ASC Topic 815. At December 31, 2024, the fair value of the warrant liabilities is approximately $ million and is included in accounts payable, accrued expenses and other liabilities on the accompanying consolidated statement of financial condition as of December 31, 2024. For the year ended December 31, 2024, included in other expenses on the consolidated statement of operations is unrealized gain on the warrants in the amount of approximately $ million.

17.INCOME TAXES

Prior to the closing the Business Combination BMS was classified as a partnership for income tax purposes and is therefore not subject to federal, and certain state, and local income taxes. Subsequent to the closing of the Business Combination, BMS elected to be taxed as a corporation and therefore subject to federal, state and local income taxes. Binah Capital Group, Inc. and Binah Capital Corp are also corporations and subject to federal, state and local income taxes. PKSH elected to be taxed as a corporation. The PKSH Entities and WEG are taxable entities and are subject to federal, state, and local income taxes. Therefore, these consolidated financial statements include an income tax provision for the all taxable entities, which is the primary reason for the difference between the statutory tax rate and the effective tax rate.

The income tax provision (benefit) for the years ended December 31, consisted of the following:

| ​                              
 ​                              
 Federal:                       | ​ 
 ​ | ​    
 2024 
 ​    |     ​ 
     ​ | ​ 
 ​ | ​    
 2023 
 ​    |    ​ 
    ​ |
|:-------------------------------|:--|:-----|------:|:--|:-----|-----:|
| Current                        | ​ | $    |   584 | ​ | $    |  180 |
| Deferred                       | ​ |      |   623 | ​ |      | -354 |
| ​                              | ​ | ​    |     ​ | ​ | ​    |    ​ |
| State and local:               | ​ |      |       | ​ |      |      |
| Current                        | ​ |      |   224 | ​ |      |