Company: BCG
Filing Date: 2025-09-08
Form Type: 424B3
Source: 0001104659-25-088309
Chunk: 12

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-08
Form: 424B3
Chunk 12
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| ● | Misconduct by our advisors, who operate in a decentralized environment; |

| ● | Poor performance of investment products and services recommended or sold to our clients; |

| ● | Our inability to enhance or maintain our brand and reputation; |

| ● | Our subsidiaries are broker-dealers registered with the SEC and members of FINRA, and therefore are subject to extensive regulation and scrutiny; |

| ● | Our subsidiaries are subject to net capital and other regulatory capital requirements; failure to comply with these rules could harm our business; |

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| ● | FINRA may require changes to our business practices based on the ownership of our subsidiaries, which could impose additional costs or disrupt our business; |

| ● | We rely on clearing brokers and the termination of our clearing agreements could disrupt our business. |

| ● | Our business may be harmed by global events beyond our control, including overall slowdowns in securities trading; |

| ● | Risks related to geopolitical conditions resulting from the invasion of Ukraine by Russia and the Israel-Hamas war, subsequent sanctions against related individuals and entities and the status of debt and equity markets, as well as protectionist legislation in our markets we operate |

| ● | Our ability to raise additional capital and grow our business |

| ● | The loss of key personnel, an inability to attract and retain additional personnel |

| ● | Our stock price may be volatile and may decline regardless of our operating performance; |

You should carefully review and consider the risk factors set forth under the section entitled “ Risk Factors”.

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THE OFFERING

| ​                                                                | ​                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Issuance of Common Stock                                         | ​                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Shares of Common Stock offered by us                             | Up to 14,442,665 shares of Common Stock that may be issued upon exercise of the Warrants, consisting of:Up to 8,588,425 shares of Common Stock that are issuable upon the exercise of the Public Warrants.Up to 5,776,240 shares of Common Stock that are issuable upon the exercise of the Private Placement Warrants.Up to 78,000 shares of Common Stock that are issuable upon the exercise of the OPCO Warrants. |
| Exercise price of Warrants                                       | $11.50 per share, subject to adjustment as described herein.                                                                                                                                                                                                                                                                                                                                                         |
| Use of proceeds                                                  | We will receive up to an aggregate of approximately $174,622,