secwatch.observer — SEC 8-K summary
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Issuer:     Binah Capital Group, Inc. (BCG)
CIK:        0001953984
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001104659-24-037410
Event type: other_material
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 2.01, 4.01, 9.01, 3.01, 3.02, 3.03, 5.01, 5.02, 5.03, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Binah Capital closes de-SPAC combination with Wentworth; $217M consideration
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/0001104659-24-037410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953984/000110465924037410/tm249347d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-037410

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer