Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 123

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 123
---
 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.

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.

Ranking

With respect to payment of dividends and distribution of assets upon liquidation, dissolution or winding up of the Company, the Series B Convertible Preferred Stock will rank (i) junior to the Series A Convertible Preferred Stock and any class or series of equity securities of the Company that, by its terms, expressly ranks senior to the Series B Convertible Preferred Stock; (ii) senior to all other classes or series of Holdings Common Stock and any other class or series of capital stock of the Company that by its terms is not expressly senior to, or on parity with, the Series B Convertible Preferred Stock; and (iii) on parity with any class or series of capital stock of the Company hereafter created that expressly ranks pari passu with the Series B Convertible Preferred Stock.

Dividend

Holders of shares of Series B Convertible Preferred Stock are entitled to receive, when, as and if authorized by the Board and declared by the Company out of funds legally available for the payment of dividends, a cumulative dividend at a rate of seven percent (7%) per annum, payable and compounded quarterly on the last day of each quarter. At the discretion of the Company, the payment may be made in cash or up to 50% of the amount due, in duly authorized, valid