Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 43

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 43
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 adjustments represent adjustments that occurred in the connection with the Closing the Business Combination, including the following: |

| ● | The reverse capitalization between Merger Sub and Wentworth; |

| ● | All outstanding Transaction Expenses shall have been paid; |

| ● | The Series A PIPE of 1,500,000 shares of Series A Redeemable Convertible Preferred Stock of Binah Capital Group, Inc. issued to purchasers in such Series A PIPE; and |

| ● | The amount of shares outstanding of Binah Capital Group, Inc. Common Stock to be issued at the Closing shall not be less than the Minimum Wentworth Share Amount. |

The pro forma condensed combined financial information may not be useful in predicting the future financial condition and results of operations of the Combined Company. The actual financial position and results of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors. Upon the closing of the Business Combination, public shareholders were offered the opportunity to redeem all or a portion of such shareholder’s public shares for cash equal to their pro rata share of the aggregate amount on deposit (as of two business days prior to the Closing) in the Trust Account. The unaudited condensed combined pro forma financial information reflects actual redemptions of 403,066 shares of KWAC’s Class A Ordinary Shares at approximately $13.15 per share, or $5.3 million in the aggregate. The following summarizes the pro forma capitalization of the Company immediately after the Business Combination and related transactions:

| ​                          | ​ |          ​ | ​ |     ​ | ​ |
| KWAC’s public shareholders |   |     79,957 |   |   0.5 | % |
| ​                          | ​ |          ​ | ​ |     ​ | ​ |
| Sponsor(1)                 |   |  3,028,999 |   |  18.7 | % |
| ​                          | ​ |          ​ | ​ |     ​ | ​ |
| Wentworth Stockholders     |   | 13,100,000 |   |  80.8 | % |
| Pro Forma Common Stock (2) |   | 16,208,956 |   | 100.0 | % |

(1)Includes 2,875,000 Founder Shares converted into New Binah Capital Group, Inc. Class A Common Stock, 270,000 Class B common stock converted into New Binah Capital Group, Inc. Class A Common Stock and 104