Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 181

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 181
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. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were unrecognized tax benefits and amounts accrued for interest and penalties as of December 31, 2023 and 2022. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net (Loss) Income per Common Share

The Company has two classes of stock, which are referred to as redeemable Class A common stock and non-redeemable Class A and Class B common stock. Earnings and losses are shared pro rata between the two classes of stock. The potential common stock for outstanding warrants to purchase the Company’s stock were excluded from diluted (loss) income per share for the year ended December 31, 2023 and 2022 because the warrants are contingently exercisable, and the contingencies have not yet been met. As a result, diluted net (loss) income per common stock is the same as basic net (loss) income per common stock for the periods. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net (loss) income per share for each class of common stock:

| ​                                                                                                           
 ​                                                                                                           | ​ 
 ​ |                  ​ 
 For the Year Ended |         ​ | ​ |    ​ |         ​ |
|:------------------------------------------------------------------------------------------------------------|:--|-------------------:|----------:|:--|-----:|----------:|
| ​                                                                                                           | ​ |       December 31, |           |   |      |           |
| ​                                                                                                           |   |               2023 |           |   | 2022 |           |
| Net (loss) income available to Redeemable Class A                                                           | ​ |                  $ |  -109,820 | ​ |    $ |   838,385 |
| Basic and diluted weighted average shares outstanding, Class A common stock, subject to possible redemption | ​ |                  $ |   498,450 | ​ |    $ | 4,859,959 |
| Basic and diluted net (loss) income per share, redeemable Class A common stock                              | ​ |                    |     -0.22 | ​ |      |      0.17 |
| Net (loss) income