Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 147

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 147
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| ● | governments or agencies or instrumentalities thereof; |

| ● | regulated investment companies; |

| ● | real estate investment trusts; |

| ● | persons that actually or constructively own five percent or more of our voting shares; |

| ● | insurance companies; |

| ● | dealers or traders subject to a mark-to-market method of accounting with respect to the securities; |

| ● | persons holding the securities as part of a “straddle,” hedge, integrated transaction or similar transaction; |

| ● | persons who acquired the securities through the exercise or cancellation of employee stock options or otherwise as compensation for their services; |

| ● | U.S. holders (as defined below) whose functional currency is not the U.S. dollar; |

| ● | U.S. expatriates or former long-term residents of the U.S.; |

| ● | partnerships or other pass-through entities for U.S. federal income tax purposes and any beneficial owners of such entities; and |

| ● | tax-exempt entities. |

This discussion is based on the Code, and administrative pronouncements, judicial decisions and final, temporary and proposed U.S. Treasury regulations as of the date hereof, which are subject to change, possibly on a retroactive basis, and changes to any of which subsequent to the date of this prospectus may affect the tax consequences described herein. This discussion does not address any aspect of state, local or non-U.S. taxation, or any U.S. federal taxes other than income taxes (such as gift and estate taxes). We have not sought, and will not seek, a ruling from the Internal Revenue Service (the “IRS”) as to any U.S. federal income tax consequence described herein. The IRS may disagree with the discussion herein, and its determination may be upheld by a court. Moreover, there can be no assurance that future legislation, regulations, administrative rulings or court decisions will not adversely affect the accuracy of the statements in this discussion. You are urged to consult your tax advisor with respect to the application of U.S. federal tax laws to your particular situation, as well as any tax consequences arising under the laws of any state, local or foreign jurisdiction.

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This discussion does not consider the tax treatment of partnerships or other pass-through entities or persons who hold our securities through such entities. If a partnership (or other entity or arrangement classified as a partnership or other pass-through entity for U.S. federal income tax purposes) is the beneficial owner of our securities, the U.S. federal income