Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 127

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 127
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 Company and its consolidated Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of operations and cash flows of the Company and its consolidated Subsidiaries for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures for and as of the corresponding periods of the previous year, (iii) copies of all financial statements and periodic reports which the Company may file with the SEC (or any successor thereto), (iv) copies of all registration statements and any amendments and exhibits thereto, which the Company may file with the SEC (or any successor thereto) and (v) subject to a customary confidentiality agreement, information provided to the Board in connection with its regular meetings. Board Rights Following the conversion by the Series A Purchaser of its shares of Series A Convertible Preferred Stock into 5% or more of the outstanding shares Common Stock, the Series A Purchaser will be entitled to nominate one director to serve on the Company board, and the parties will vote their shares in favor of such nominee; and Following the conversion by the PIPE Investor of its shares of Series A Convertible Preferred Stock into 15% or more of the outstanding shares Common Stock, the Series A Purchaser will be entitled to nominate two directors to serve on the Company board, and the parties will vote their shares in favor of such nominees. Lock up Pursuant to the Lock-Up Agreement, the PIPE Investor will be subject to a 12 month lock up period (subject to customary exceptions) in respect of their shares of Series A Convertible Preferred Stock received in connection with the Business Combination (subject to certain customary exceptions). Series B Convertible Preferred Stock As of the date of this prospectus, 150,000 Series B Convertible Preferred Stock are outstanding.

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The Series B Certificate of Designations establishes the voting powers, designations, preferences and relative, participating, optional or other special rights, and the qualifications, limitations and restrictions of the shares of Series B Convertible Preferred Stock, which are described in more detail below. The following description of our Series B Convertible Preferred Stock is intended as a summary only and does not purport to be complete and is qualified in its entirety by reference to the Series B Certificate of Designations, and to the applicable provisions of Delaware law. We urge you to read the Series B Certificate of Designations because it, and not this description, defines the rights of holders of shares of Series B Convertible Preferred Stock.

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