Company: BCG
Filing Date: 2025-09-03
Form Type: POS AM
Source: 0001410578-25-001926
Chunk: 172

Company: Binah Capital Group, Inc.
Filing Date: 2025-09-03
Form: POS AM
Chunk 172
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4, 2024, the Company entered into a Subscription Agreement with an investor for the purchase of150,000shares of Holdings’ Series B Convertible Preferred Stock, par value$ .0001(the “Holdings Series B Stock”) in a private placement at$ 10.00per share, for an aggregate purchase price of$ 1.5million. The Holdings Series B Stock may be converted into shares of Holdings Common Stock, at the option of the investor at a rate equal to the quotient of (i)$ 10.00divided, by (ii) the product of (A).80multiplied by, (B) the volume weighted average price for the20trading days during the30-day period immediately prior to such conversion, provided that in no event shall the denominator be less than$ 6.00per share (the “Conversion Rate”).

Additionally, the Holdings Series B Stock carries a cumulative dividend at a rate of nine percent (7%) 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 B Stock at a value of$ 10per share. As of June 30, 2025 and December 31, 2024, included in accounts payable, accrued expenses and other liabilities on the accompanying condensed consolidated statement of financial condition is an accrued dividend in the amount of$ 0.03million that was paid subsequent to June 30, 2025 and December 31, 2024.

The Company may, at its option, in whole, or part, redeem the Holdings Series B Stock any time after the first anniversary of the date of the Subscription Agreement at a redemption price equal to the greater of (i)$ 12.00per share of Holdings Series B Stock, plus accrued but unpaid dividends or (A)1.20multiplied by (B) the volume weighted average price for20trading days during the30-day period immediately prior to the redemption; provided that such price shall not greater than$ 20.00.

F-19

10.SHARE-BASED COMPENSATION

The Binah Capital Group, Inc. 2024 Equity Incentive Plan (the “Plan”) was established and effective March 15, 2024. The purpose of the Plan is to advance the interests of the Company and its stock