Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 171

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 171
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 cumulative dividend at a rate of nine percent (9%) per annum, payable and compounded quarterly on the last day of each quarter. At the discretion of Holdings, the payment may be made in cash or up to50%of the amount due, in duly authorized, validly issued, fully paid and non-assessable share of Holdings Series A Stock at a value of$ 10per share. As of June 30, 2025, the Company accrued50%of the dividend to be paid in cash in the approximate amount of$ 0.2million and paid an in-kind dividend in the approximate amount of$ 0.2million. As of December 31, 2024, the Company accrued50%of the dividend to be paid in cash in the approximate amount of$ 0.2million.

F-18

| 8. | SERIES A REDEEMABLE CONVERTIBLE PREFERRED STOCK (continued) |

The Holdings Series A Stock has liquidation preferences in the event of a voluntary or involuntary liquidation as follows:

| ● | The greater of $12.50 per share of Holdings Series A Stock if such liquidation occurs prior to the first anniversary of the Funding Date; |

| ● | $13.00 per share of Holdings Series A Stock if such liquidation occurs prior to the second anniversary of the Funding Date; |

| ● | $15.00 per share of Holdings Series A Stock if such liquidation occurs prior to the third anniversary of the Funding Date; |

| ● | $16.00 per share of Holdings Series A Stock if such liquidation occurs prior to the fourth anniversary of the Funding Date. |

Holdings, at its option, may redeem the Series A Stock on any anniversary of the Funding date up to an including the fourth anniversary of the Funding date at the following redemption prices:

| ● | $11.50 per share of Series A Stock on the first anniversary of the Funding Date; |

| ● | $13.00 per share of Series A Stock on the second anniversary of the Funding Date; |

| ● | $15.00 per share of Series A Stock on the third anniversary of the Funding Date; |

| ● | $16.00 per share of Series A Stock on the fourth anniversary of the Funding Date; |

If the Series A Stock have not previously been redeemed or converted, the Series A Stock will be redeemed by Holdings on the fourth anniversary of the Funding Date.

| 9. | SERIES B CONVERTIBLE PREFERRED STOCK |

On September