{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-037410","form_type":"8-K","ticker":"BCG","cik":"0001953984","company_name":"Binah Capital Group, Inc.","filed_at":"2024-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.367055+00:00","generated_at":"2026-06-04T10:33:33.793755+00:00","sec_items":["1.01","2.01","4.01","9.01","3.01","3.02","3.03","5.01","5.02","5.03","5.06"],"event_type":"other_material","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Binah Capital closes de-SPAC combination with Wentworth; $217M consideration","bullets":["Aggregate consideration ~$217M in stock and assumed debt; KWAC public shares redeemed 403,066 for ~$5.3M.","PIPE of 1.5M Series A Preferred to Pollen Street Capital at $9.60/share, gross $14.4M.","Post-closing shares: 16,461,608 common, 1,500,000 Series A preferred, 15,106,550 warrants.","Common stock and warrants begin trading on Nasdaq under BCG and BCGWW.","MHC Securities holds 54.74% of common (9,011,653 shares); CEO Craig Gould holds 1.88%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-037410","json":"https://secwatch.observer/filing/0001104659-24-037410.json","markdown":"https://secwatch.observer/filing/0001104659-24-037410.md","text":"https://secwatch.observer/filing/0001104659-24-037410.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/tm249347d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T10:33:33.793755+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d3e25912156c9c8cb2277865acfcd7a1a2aa339b","claim":"Binah Capital Group, Inc.: Amended and restated certificate of incorporation.","evidence_excerpt":"On the Closing Date, the Company amended and restated its certificate of incorporation in the form of the Proposed Holdings Charter","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"d729384d0e4b7bb9900875a9a16dea71cc24ed53","claim":"Binah Capital Group, Inc.: Ceased being a shell company after business combination.","evidence_excerpt":"As a result of the Business Combination, the Company ceased being a shell company","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"shell status"}],"fact_type":"governance_change"},{"claim_id":"ee0fdf00245cafbe8faa74e83d9ce7f6defd3d78","claim":"Binah Capital Group, Inc.: Adopted new bylaws.","evidence_excerpt":"adopted the Proposed Holdings Bylaws (the “ Company Organizational Documents ”), which differ in certain material respects from the Existing Organizational Documents of KWAC","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"8e9c90251ab33a41c8797c4417b619e509d424de","claim":"Binah Capital Group, Inc. underwent a change of control involving Kingswood Acquisition Corp for approximately 217 million, paid in the form of common stock, par value $0.0001 per share and assumed indebtedness (closed 2024-03-15).","evidence_excerpt":"Agreement, the “ Business Combination ”). Under the terms of the Business Combination Agreement, the aggregate consideration paid in the Business Combination was approximately 217 million, paid in the form of common stock, par value $0.0001 per share (“Company Common Stock”) and assumed indebtedness, as more specifically set forth therein. ess Combination was","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Kingswood Acquisition Corp"},{"label":"Consideration","value":"approximately 217 million, paid in the form of common stock, par value $0.0001 per share and assumed indebtedness"},{"label":"Closing","value":"2024-03-15"}],"fact_type":"ma_transaction"},{"claim_id":"7d3c2ffd2d5ba1f6b08ba527c827d86a1a51b72b","claim":"Binah Capital Group, Inc. entered into Lock-Up Agreement with the Holders.","evidence_excerpt":"the Company entered into that certain Lock-up Agreement with the Holders (the \" Lock-Up Agreement \"), pursuant to which, subject to certain exceptions, the Holders agreed to not transfer or make any announcement of any intention to effect a transfer","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the Holders"}],"fact_type":"material_agreement"},{"claim_id":"8026afd01b3ba53fede6782f564920c541fc4acb","claim":"Binah Capital Group, Inc. entered into Subscription Agreement with Pollen Street Capital Limited valued at aggregate gross proceeds of $14,400,000.","evidence_excerpt":"the Company and Wentworth entered into that certain Subscription Agreement (the \" Subscription Agreement \") with Pollen Street Capital Limited (the \" PIPE Investor \"), pursuant to which, on the Closing Date, the PIPE Investor subscribed for and purchased, and the Company issued and sold to the PIPE Investor, an aggregate of 1,500,000 Series A Preferred Stock for a purchase price of $9.60 per share, for aggregate gross proceeds of $14,400,000 (the \" PIPE Financing \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Pollen Street Capital Limited"},{"label":"Value","value":"aggregate gross proceeds of $14,400,000"}],"fact_type":"material_agreement"},{"claim_id":"a0a9f7c90e8a43f515aad087358e9c64cfcdf691","claim":"Binah Capital Group, Inc. entered into Warrant Assumption Agreement with Continental Stock Transfer & Trust Company, KWAC.","evidence_excerpt":"Continental Stock Transfer & Trust Company (the \" Transfer Agent \"), KWAC and the Company entered into the Warrant Assumption and Assignment Agreement (the \" Warrant Assumption Agreement \"), pursuant to which, among other things, KWAC assigned to the Company all of KWAC's right, title and interest in and to, and the Company assumed all of KWAC's liabilities and obligations under the certain Warrant Agreement","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Continental Stock Transfer & Trust Company, KWAC"}],"fact_type":"material_agreement"},{"claim_id":"c3225877d221f7aefd7f55018744d41af3530955","claim":"Binah Capital Group, Inc. amended Fifth Amendment to the Credit Agreement with Oak Street Funding LLC.","evidence_excerpt":"At Closing, Wentworth and certain other borrowers entered into the Fifth Amendment to the Credit Agreement (the \" Amendment \") with Oak Street","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Oak Street Funding LLC"}],"fact_type":"material_agreement"},{"claim_id":"f4debb9770e20ca0fe979e4dcd4a0f4ebc88e2c6","claim":"Binah Capital Group, Inc. entered into Registration Rights Agreement with the PIPE Investor, Wentworth, certain equity holders of Wentworth and certain other parties identified therein.","evidence_excerpt":"the Company entered into that certain Registration Rights Agreement with the PIPE Investor, Wentworth, certain equity holders of Wentworth and certain other parties identified therein (such persons, the \" Holders \") (the \" Registration Rights Agreement \").","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"the PIPE Investor, Wentworth, certain equity holders of Wentworth and certain other parties identified therein"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}