Company: BCG
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001410578-25-000663
Chunk: 57

Company: Binah Capital Group, Inc.
Filing Date: 2025-04-08
Form: 424B3
Chunk 57
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 forgive the remaining accrued but unpaid interest of approximately $3.8 million and entered into new promissory notes in the principal amount of approximately $5.3 million in the aggregate. The terms of these new promissory notes provide for maturity on May 15, 2027 and carries an interest rate of Prime plus 1.00%, but no less than 7.50% per annum. As of December 31, 2024, there was approximately $0.1 interest that was accrued and paid subsequent to December 31, 2024. Cash Flows The following table sets forth a summary of cash flows for the years ended December 31, 2024 and 2023:

| ​                                                   | ​              
 (in thousands) | ​ |     ​ 
  2024 | ​ | ​ |      ​ 
   2023 |
|:----------------------------------------------------|:---------------|:--|------:|:--|:--|-------:|
| Net cash (used in) provided by operating activities |                | $ |  -617 |   | $ |  2,553 |
| Net cash used in investing activities               | ​              | ​ |   -85 | ​ | ​ |    -80 |
| Net cash provided by (used in) financing activities | ​              | ​ | 1,567 | ​ | ​ | -2,701 |
| Net change in cash flows                            | ​              | $ |   865 | ​ | $ |   -228 |

Cash Flows from Operating Activities.Net cash used in operating activities was $0.6 million for the year ended December 31, 2024 compared to net cash provided by $2.6 million for the year ended December 31 2023, representing a decrease of approximately $3.2 million or 124%. The decrease was primarily attributable to the decrease in net income offset by increases in accounts payable, accrued expenses and commissions payable. Cash Flows from Investing Activities.Net cash used in investing activities was $0.09 million for the year ended December 31, 2024 consistent with the $0.08 million for the year ended December 31, 2023. Cash Flows from Financing Activities.Net cash provided by financing activities was approximately $1.6 million for the year ended December 31, 2024 compared to cash used in financing activities of $2.7 million for the year ended December 31, 2023. The change is primarily related to the