Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 169

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 169
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 and redemptions, the Company had 3,203,049shares of Class A common stock and 270,000shares of Class B common stock issuedand outstanding. On November 17, 2023, the Company held a special meeting at which the Company’s stockholders approved extending the date by which the Company must complete its initial Business Combination from November 24, 2023 to February 24, 2024. In connection with the approval of the extension, stockholders elected to redeem 9,966Public Share and exercised their right to redeem such Public Share for a pro rata portion of the Trust Account. The Company expects to pay approximately $ 12.46from the Trust Account or an aggregate of $ 124,176from the Trust Account to the redeeming stockholders with respect to such redeemed Public Shares. As of December 31, 2023, the redemption remains outstanding and is included as redemptions payable on the balance sheet. With the redemption of $ 124,176from the Trust Account, the Company may be subject to a 1% excise tax equal to $ 1,242.

<div align='center'>F-11</div>

Following the aforementioned redemptions, the Company had 3,193,083shares of Class A common stock and 270,000shares of Class B common stock issuedand outstandingat December 31, 2023. On February 22, 2024, the Company convened its special meeting of stockholders and the stockholders approved the proposal to extend the date by which the Company must complete its initial Business Combination from February 24, 2024 to March 15, 2024. In connection with the approval of the extension, stockholders elected to redeem 1,060Public Shares and exercised their right to redeem such Public Shares for a pro rata portion of the Trust Account. The Company paid approximately $ 12.98from the Trust Account or an aggregate of $ 13,766from the Trust Account to the redeeming stockholders with respect to such redeemed Public Shares. With the redemption of $ 13,766from the Trust Account, the Company may be subject to a 1% excise tax equal to $ 137. On March 8, 2024, the Company filed a seventh amendment to the second amended and restated certificate of incorporation of the Company with the Secretary of the State of Delaware (the “Amendment”). Additionally, on March 8, 2024, the Company