Company: BCG
Filing Date: 2025-02-14
Form Type: S-1
Source: 0001410578-25-000143
Chunk: 212

Company: Binah Capital Group, Inc.
Filing Date: 2025-02-14
Form: S-1
Chunk 212
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 Series B Stock carries a cumulative dividend at a rate of nine percent (%) 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 to % of the amount due, in duly authorized, validly issued, fully paid and non-assessable share of Holdings Series B Stock at a value of $ per share.

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) $ per share of Holdings Series B Stock, plus accrued but unpaid dividends or (A) multiplied by (B) the volume weighted average price for trading days during the -day period immediately prior to the redemption; provided that such price shall not greater than $.

F-41

#### 11.WARRANTSThe following table summarizes the warrants outstanding as of September 30, 2024:​​​Class of WarrantsNumber OutstandingPublic warrants8,588,425Private placement warrants6,559,533Total warrants outstanding15,147,958​Each whole Warrant entitles the registered holder to purchaseoneshare of Class A common stock at a price of $11.50per share. A holder may exercise its warrants only for a whole number of shares of Class A common stock.Nofractional warrants will be issued upon separation of the units and only whole warrants will trade. The Company may redeem the Public Warrants at a price of $0.01per share if the closing price of the Company’s Class A common stock equals or exceeds $18.00per share for any20trading days within a30-trading day period. The Private Warrants cannot be redeemed, even if sold or transferred to a non-affiliate. The Warrants will expirefive yearsafter the Closing Date or earlier upon redemption or liquidation.Except as described in this section, the Private Warrants have terms and provisions that are identical to those of the Public Warrants, except the Private Warrants are not subject to redemption, and do not become subject to redemption after transfer to a non-affiliate (a distinction from other private placement warrants issued in connection with SPAC transactions).The Warrants are classified as derivative liabilities under ASC Topic 480 or ASC Topic 815. At September 30, 2024, the fair value of the warrant liabilities is approximately $0.5million and is included in accounts payable, accrued expenses