Company: BCG
Filing Date: 2025-02-11
Form Type: 8-K/A
Source: 0001104659-25-011011
Chunk: 3

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-11
Form: 8-K/A
Chunk 3
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 warrant liabilities and fair value measurement of convertible
promissory notes, and lack of controls to review the appropriateness of its legal fee and transfer agent fee accruals, Delaware franchise
tax accruals, and presentation in the statement of cash flows.

During the years ended December 31, 2023 and 2022, and the subsequent
interim periods through February 5, 2025, KWAC did not consult FGMK with respect to either (i) the application of accounting principles
to a specified transaction, either completed or proposed; or the type of audit opinion that might be rendered on KWAC’s financial
statements, and no written report or oral advice was provided to KWAC by FGMK that FGMK concluded was an important factor considered by
KWAC in reaching a decision as to the accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject
of a disagreement, as that term is described in Item 304(a)(1)(iv) of Regulation S-K under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and the related instructions to Item 304 of Regulation S-K under the Exchange Act, or a reportable event,
as that term is defined in Item 304(a)(1)(v) of Regulation S-K under the Exchange Act.

The Company has provided Marcum with a copy of the disclosures made
by in this Item 4.01 in response to Item 304(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and requested that Marcum furnish the Company with a letter addressed to the SEC stating whether it agrees with the
statements made by the registrant in this Item 4.01 in response to Item 304(a) of Regulation S-K under the Exchange Act and, if not, stating
the respects in which it does not agree. A letter from Marcum is attached hereto as Exhibit 16.1.

Item 9.01. Financial Statements and Exhibits.

(a) Financial statements of business acquired.

The audited consolidated financial
statements of Wentworth Management Services LLC as of December 31, 2023 and 2022 and related notes are filed herewith as exhibit
99.1 and incorporated herin by reference.

The audited consolidated financial statements
of Kingswood Acquisition Corp. as of December 31, 2023 and 2022 and related notes are filed her