Company: BCG
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001410578-25-000663
Chunk: 45

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 45
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.3% in the fourth quarter of 2024 after growing at an annualized pace of 2.8% in the third quarter of 2024. Although inflation, interest rates and volatile global markets were all headwinds the U.S. economy added roughly 500,000 jobs in the fourth quarter of 2024, while the unemployment rate averaged 4.2% in the fourth quarter of 2024, up slightly from the average in the prior quarter. Our business is also sensitive to current and expected short-term interest rates, which are largely driven by Fed policy. During the fourth quarter of 2024, Fed policymakers maintained the target range for the federal funds rate at 4.25% to 4.50%. Please consult the Factors Affecting Our Financial Condition and Results of Operations, including those described in the section of this proxy statement/prospectus titled “ Risk Factors .” Basis of Presentation Our consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Currently, we conduct business through one operating segment. The consolidated financial statements have been prepared assuming that we will continue as a going concern. See Note 1 in the accompanying consolidated financial statements for further details. Results of Operations The following presents an analysis of our results of operations for the years ended December 31, 2024 and 2023 ( in thousands):

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 Revenues:                                   
 Revenue from Contracts with Customers:      | ​ 
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 For the years ended December 31, 
 2024                             |       ​ 
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 2023 |       ​ 
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 % Change | ​ 
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|:--------------------------------------------|:--|:---------------------------------|--------:|:--|:-----|--------:|:--|---------:|:--|
| Commissions                                 | ​ | $                                | 139,452 | ​ | $    | 138,191 |   |      0.9 | % |
| Advisory Fees                               | ​ |                                  |  24,939 | ​ |      |  21,668 |   |     15.1 | % |
| Total Revenue from Contracts with Customers | ​ |                                  | 164,391 | ​ |      | 159,859 |   |        ​ | ​ |
| Interest and other