Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 178

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 178
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     | ​          
 ​          
 Subsidiary | ​       
 Revenue |     ​ 
  2024 | ​ | ​ |     ​ 
  2023 | ​ 
 ​ | ​                 
 Due from/(Due to) |    ​ 
 2024 | ​ | ​ |    ​ 
 2023 |
|:------|:-----------|:--------|------:|:--|:--|------:|:--|:------------------|-----:|:--|:--|-----:|
| CLS   | ​          | $       | 1,000 | ​ | $ | 1,000 | ​ | $                 | -0.1 | ​ | $ | -0.1 |
| Total | ​          | $       | 1,000 | ​ | $ | 1,000 | ​ | $                 | -0.1 | ​ | $ | -0.1 |

The revenue amounts and amounts due to and due from are included in commissions on the accompanying consolidated statements of operations and other assets on the consolidated statements of financial condition, respectively.

21.STOCKHOLDERS’ EQUITY

The Company is authorized to issue57,500,000shares consisting of the following:

| ● | 2,000,000 shares of Series A Preferred Stock, par value $0.0001 per share, 1,555,000 shares issued and outstanding as of December 31, 2024; and |

| ● | 500,000 shares of Series B Preferred Stock, par value $0.0001 per share, 150,000 shares issued and outstanding as of December 31, 2024; and |

| ● | 55,000,000 shares of Common Stock, par value $0.0001 per share, 16,602,460 shares issued and outstanding as of December 31, 2024. |

22. RETIREMENT PLAN PKSI maintains a 401(k) retirement plan for the benefit of its employees. Contributions to the PKSI Plan are limited to a maximum of 3% of employee compensation and are based upon employee contributions. Employees must be 21 years of age and employed for three months to participate. The PKSI contribution to the plan amounted to approximately $ 0.4 million and $ 0.3 million for the years ended December 31, 2024 and 2023, respectively. Additionally, WEG maintains a 401(k) plan for qualified employees.