{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-037860","form_type":"8-K/A","ticker":"BCG","cik":"0001953984","company_name":"Binah Capital Group, Inc.","filed_at":"2024-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.366645+00:00","generated_at":"2026-06-04T09:20:23.410122+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":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Binah Capital Group completes de-SPAC merger with Wentworth Management; aggregate consideration ~$217M","bullets":["PIPE financing of $14.4M from Pollen Street Capital for 1.5M Series A preferred shares at $9.60/share.","Redemptions of 403,066 public shares for ~$5.3M at ~$13.15/share; trust account balance post-close ~$1.05M.","Post-closing capital structure: 16,461,608 common shares, 1.5M Series A preferred, 15,106,550 warrants.","Common stock trades as BCG, warrants as BCGWW on Nasdaq; MHC Securities LLC holds 54.74% of common shares.","Credit agreement amended with Oak Street; Craig Gould and MHC pledge 100% of held common as collateral."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-037860","json":"https://secwatch.observer/filing/0001104659-24-037860.json","markdown":"https://secwatch.observer/filing/0001104659-24-037860.md","text":"https://secwatch.observer/filing/0001104659-24-037860.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/0001104659-24-037860-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/tm249347d2_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T09:20:23.410122+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":"345d19028882adfbb48695b581c9205eea882ffd","claim":"Binah Capital Group, Inc.: Amended and restated certificate of incorporation on Closing Date.","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/1953984/000110465924037860/0001104659-24-037860-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"}],"fact_type":"governance_change"},{"claim_id":"3f4882d32d839ccc4f8a6c2c951f777f048ed9c7","claim":"Binah Capital Group, Inc.: Adopted new bylaws on Closing Date.","evidence_excerpt":"and adopted the Proposed Holdings Bylaws (the “ Company Organizational Documents ”)","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/0001104659-24-037860-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"}],"fact_type":"governance_change"},{"claim_id":"f0a2f9635f010eb4d2314c6b3af37b8eeaad3b9b","claim":"Binah Capital Group, Inc.: Ceased being a shell company as a result of 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/1953984/000110465924037860/0001104659-24-037860-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"shell status"}],"fact_type":"governance_change"},{"claim_id":"bf0090fd55b42152a7bb10def909492c617eb00a","claim":"Binah Capital Group, Inc. underwent a change of control for approximately 217 million in common stock 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/1953984/000110465924037860/0001104659-24-037860-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Consideration","value":"approximately 217 million in common stock and assumed indebtedness"},{"label":"Closing","value":"2024-03-15"}],"fact_type":"ma_transaction"},{"claim_id":"0786b8683591d5da5a080d9386c997ae33b5dcfc","claim":"Binah Capital Group, Inc. entered into Voting Agreement with the Holders.","evidence_excerpt":"Pursuant to the terms of the Registration Rights Agreement, the Holders are entitled to certain piggyback registration rights and customary demand registration rights.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/0001104659-24-037860-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":"6c457965ad3de70cf3160730f5b8ed72d9bb0a1e","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","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/0001104659-24-037860-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":"9741219c5e7d82247e89cd304d6734fc37ed3443","claim":"Binah Capital Group, Inc. entered into Registration Rights Agreement with Pollen Street Capital Limited, Wentworth, certain equity holders of Wentworth and certain other parties.","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/1953984/000110465924037860/0001104659-24-037860-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, Wentworth, certain equity holders of Wentworth and certain other parties"}],"fact_type":"material_agreement"},{"claim_id":"aacc5269372edc3b6d5c98ba2db4716c04475ddb","claim":"Binah Capital Group, Inc. entered into Lock-Up Agreement with the Holders.","evidence_excerpt":"Pursuant to the terms of the Registration Rights Agreement, the Holders are entitled to certain piggyback registration rights and customary demand registration rights.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1953984/000110465924037860/0001104659-24-037860-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":"dcde485805f1fa60b931b5fb1453d8b143e09e66","claim":"Binah Capital Group, Inc. amended Fifth Amendment to the Credit Agreement with Oak Street Funding LLC.","evidence_excerpt":"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/1953984/000110465924037860/0001104659-24-037860-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"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}