Company: BCG
Filing Date: 2025-04-03
Form Type: S-1/A
Source: 0001410578-25-000637
Chunk: 8

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-03
Form: S-1/A
Chunk 8
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 and Plan of Merger, dated July 7, 2022 (as amended, the “Business Combination Agreement”) by and among KWAC, Binah Capital Group, Inc. (the “Company”), Kingswood Merger Sub, Inc., a Delaware corporation (“Kingswood Merger Sub”), Wentworth Merger Sub, LLC, a Delaware limited liability company (“Wentworth Merger Sub”), and Wentworth Management Services LLC, a Delaware limited liability company (“Wentworth”), pursuant to which, Kingswood Merger Sub merged with and into KWAC (the “Kingswood Merger”), with KWAC surviving the Kingswood Merger as a wholly-owned subsidiary of the Company (the “Kingswood Surviving Company”). Simultaneously with the Kingswood Merger, Wentworth Merger Sub merged with and into Wentworth (the “Wentworth Merger”), with Wentworth surviving the Wentworth Merger as a wholly-owned subsidiary of the Company (the “Surviving Company”). Following the Wentworth Merger, Kingswood Surviving Company acquired, and the Company contributed to Kingswood Surviving Company all of the common units of the Surviving Company directly held by the Company after the Wentworth Merger (the “Company Contribution”), such that, following the Company Contribution, Surviving Company became a wholly-owned subsidiary of the Kingswood Surviving Company (the Kingswood Merger and the Wentworth Merger, together with the other transactions contemplated by the Merger Agreement, the “Business Combination”).

On the Closing Date, we consummated the PIPE Financing (as defined below). Pursuant to that certain subscription agreement, dated March 15, 2024 (the “Subscription Agreement”), a purchaser purchased from the Company (the “Subscriber”) an aggregate of 1,500,000 Series A PIPE Shares, for a purchase price of $9.60 per share and an aggregate purchase price of $14,400,000. Pursuant to the Subscription Agreement, we granted certain customary registration rights to the Subscriber with respect to the PIPE Shares. Concurrently with the Closing, Wentworth, the Sponsor and the persons identified in Schedule A thereto, entered into the Registration Rights Agreement, which provides customary demand and piggyback registration rights. See “Certain Relationships and Related Party Transactions - Registration Rights Agreement.”

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Certain statements included in this prospectus contains statements that are forward-looking and as such are not historical