Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 195

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 195
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 a reconciliation of changes in fair value of the beginning and ending balances for our financial instruments classified as Level 3:

| ​                                                        
 Fair Value - Financial Instruments Classified as Level 3 | ​ | ​ |         ​ 
         ​ |
|:---------------------------------------------------------|:--|:--|----------:|
| December 31, 2022                                        | ​ | $ | 1,679,640 |
| Borrowing - Convertible Promissory Notes                 | ​ |   |   250,000 |
| Change in value of Convertible Promissory Notes          | ​ |   |    43,863 |
| Change in fair value - Private Warrant Liabilities       | ​ |   |   393,573 |
| December 31, 2023                                        | ​ | $ | 2,367,076 |

| ​                                                        
 Fair Value - Financial Instruments Classified as Level 3 | ​ | ​ |          ​ 
          ​ |
|:---------------------------------------------------------|:--|:--|-----------:|
| December 31, 2021                                        | ​ | $ |  2,820,607 |
| Borrowing - Convertible Promissory Note                  | ​ |   |  1,500,000 |
| Change in value of Convertible Promissory Note           | ​ |   |   -148,338 |
| Change in fair value - Private Warrant Liabilities       | ​ |   | -2,492,629 |
| December 31, 2022                                        | ​ | $ |  1,679,640 |

Note 11 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, other than as disclosed above, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements other than noted below.

F-26

PART I—FINANCIAL INFORMATION Item 1. Financial Statements. BINAH CAPITAL GROUP, INC. CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (in thousands except for share and per share amounts)

| ​                                                                                                                                                   
 ​                                                                                                                                                   | ​ 
 ​ 
 ​ | ​         
 Unaudited |                  ​ 
 September 30, 2024 | ​ 
 ​ | ​ |                 ​ 
                 ​ 
 December 31, 2023 |
|:----------------------------------------------------------------------------------------------------------------------------------------------------|:--|:----------|-------------------:|:--