Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 159

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 159
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 audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

/s/ Marcum llp

Marcum llp

We have served as the Company’s auditor from 2020 to 2025.

Houston, Texas

December 13, 2024

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KINGSWOOD ACQUISITION CORP. BALANCE SHEETS

| ​                                                                                                                                                                                                                                             
 ​                                                                                                                                                                                                                                             
 ​                                                                                                                                                                                                                                             
 Assets                                                                                                                                                                                                                                        | ​ 
 ​ 
 ​ | ​            
 December 31, 
 2023         |           ​ 
           ​ | ​ 
 ​ | ​    
 2022 |          ​ 
          ​ |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:--|:-------------|------------:|:--|:-----|-----------:|
| Cash                                                                                                                                                                                                                                          | ​ | $            |     111,675 | ​ | $    |    277,511 |
| Due from Sponsor for Trust Account funding                                                                                                                                                                                                    |   | ​            |     138,437 |   | ​    |          — |
| Prepaid taxes                                                                                                                                                                                                                                 |   | ​            |      42,850 |   | ​    |     58,141 |
| Prepaid expense                                                                                                                                                                                                                               |   | ​            |      25,750 |   | ​    |          — |
| Total current assets                                                                                                                                                                                                                          |   | ​            |     318,712 |   | ​    |    335,652 |
| ​                                                                                                                                                                                                                                             | ​ | ​            |           ​ | ​ | ​    |