Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 124

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 124
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 Common Stock or any other class or series of capital stock of the Company ranking junior thereto, out of the remaining net assets of the Company, the amount per share equal to the greater of (in either case, such amount the “Liquidation Preference”):

| ● | the then applicable reference price, plus an amount equal to any accrued and unpaid dividends (whether or not authorized or declared); and |

| ● | the product of (i) the then applicable reference rate, multiplied by (ii) the volume weighed average trading price of the Common Stock for the 30 day period immediately preceding (but not including) the date of such Liquidation Event, plus an amount equal to any accrued and unpaid dividends (whether or not authorized or declared). |

Additionally, following the payment of the full amount of the Liquidation Preference on all outstanding shares of Series A Convertible Preferred Stock, holders of Series A Convertible Preferred Stock will share ratably in any distribution of assets to the holders of Common Stock. Optional Conversion Except as provided below, at any time and from time to time following the second anniversary of the Issuance Date, holders of Series A Convertible Preferred Stock may elect to convert shares of Series A Convertible Preferred Stock into shares of Common Stock at the then applicable Reference Rate.

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If the Company breaches or is otherwise in default under the terms of the Series A Convertible Preferred Stock and such breach is not cured (or is incapable of being cured) within 180 days, holders of Series A Convertible Preferred Stock may, at any time, elect to convert each share of Series A Convertible Preferred Stock into shares of Common Stock at a rate that is the greater of (at the option of such holder):

| ● | 1.5 shares of Common Stock per share of Preferred Stock; or |

| ● | a conversion rate equal to the quotient of (A) the volume weighed average trading price of Common Stock for the 30 day period immediately preceding (but not including) the conversion date, divided by (B) the Reference Price applicable on the conversion date. |

Optional Redemption The Company may, at its option, upon not fewer than 60 days’ written notice, redeem the Series A Convertible Preferred Stock, in whole or in part, on any anniversary of the Issuance Date prior to the fourth anniversary of the Issuance Date, for cash at a redemption price equal to, the sum of (i) the applicable Reference Price on the redemption date, plus (ii) an amount equal to any