Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 206

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 206
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 ​                |   |      2024 |   |      2023 |
| Operating leases |   | 5.7 years |   | 6.7 years |

Weighted-average discount rate as of December 31, 2024 and 2023:

| ​                | ​ |    ​ | ​ |    ​ | ​ |
| ​                |   | 2024 |   | 2023 |   |
| Operating leases |   |  5.5 | % |  5.6 | % |

Amounts disclosed for ROU assets obtained in exchange for lease liabilities and reductions to ROU assets resulting from reductions to lease liabilities include amounts added to or reduced from the carrying amount of ROU assets resulting from new leases, lease modifications or reassessments.

Maturities of lease liabilities as of December 31, 2024 were as follows (in thousands):

| ​                      | ​ | ​ |     ​ |
|:-----------------------|:--|:--|------:|
| 2025                   |   | $ |   777 |
| 2026                   | ​ |   |   767 |
| 2027                   | ​ |   |   731 |
| 2028                   | ​ |   |   731 |
| 2029                   | ​ |   |   731 |
| Thereafter             | ​ |   |   670 |
| ​                      | ​ |   | 4,405 |
| Less: Imputed interest | ​ |   |  -585 |
| Lease liability        | ​ | $ | 3,820 |

F-44

14.SERIES A REDEEMABLE CONVERTIBLE PREFERRED STOCK

On March 15, 2024 (the “Funding Date”), in connection with the consummation of the Business Combination, Holdings and BMS entered into a Subscription Agreement with an investor for the purchase of shares of Holdings’ Series A Redeemable Convertible Preferred Stock (the “Holdings Series A Stock”) in a private placement at $ per share, for an aggregate purchase price of $ million (the “Series A PIPE”). The Holdings Series A Stock may be converted into shares of Holdings Common Stock after the second anniversary of the closing of the Series A PIPE, which such conversion shall initially be shares of Holdings Common Stock for each share of Series A Convertible Preferred Stock, subject to certain adjustments provided in the Certificate of Designations.

Additionally, the Holdings Series A Stock carries