Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 191

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 191
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 be determined from time to time by the Company’s board of directors. At December 31, 2023 and 2022, there were nopreferred shares issued or outstanding. Class A Common Stock— The Company is authorized to issue 100,000,000shares of Class A common stock with a par value of $ 0.0001per share. Holders are entitled to onevote for each share of Class A common stock. At December 31, 2023 and 2022, there were 484,083and 508,456shares of Class A common stock issued and outstanding subject to possible redemption (excluding 9,966Public Shares redeemed in relation to the November 17, 2023 special meeting), and 2,709,000and 104,000shares of Class A common stock not subject to redemption held by the sponsor, the underwriters and/or its designees, respectively.

F-22

Class B Common Stock— The Company is authorized to issue 10,000,000shares of Class B common stock with a par value of $ 0.0001per share. Holders are entitled to onevote for each share of Class B common stock. There were 270,000and 2,875,000shares of Class B common stock issued and outstanding at December 31, 2023 and 2022. Holders of the Class A common stock and holders of the Class B common stock will vote together as a single class on all matters submitted to a vote of the Company’s stockholders, except as required by law or stock exchange rule. The Class B common stock will automatically convert into Class A common stock on the first business day following the consummation of the initial business combination at a ratio such that the number of Class A common stock issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (a) the total number of all shares of Class A common stock issued and outstanding (including any shares of Class A common stock issued pursuant to the underwriter’s over-allotment option) upon the consummation of the Public Offering, plus (b) the sum of all shares of Class A common stock issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial business combination(including any shares of Class A common stock issued pursuant