secwatch.observer — SEC 8-K summary
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Issuer:     Binah Capital Group, Inc. (BCG)
CIK:        0001953984
Form:       8-K/A
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001104659-25-011011
Event type: m_and_a
Sentiment:  negative
Materiality: 0.60
Item codes: 2.01, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Binah Capital files audited FY2023 financials for Wentworth; revenue $168M, net income $571K; auditor changed to FGMK
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- Business combination with Wentworth closed March 15, 2024; audited FY2023/2022 financials and pro forma filed 11 months late.
- Wentworth 2023 revenue $168.0M (down 6% YoY from $178.9M); net income $571K (down 37% from $911K).
- Auditor dismissed Marcum LLP Feb 5, 2025; appointed FGMK LLC as independent registered public accounting firm.
- Goodwill $39.8M, intangible assets $1.6M; notes payable $20.8M (net) and affiliate promissory notes $12.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1953984/000110465925011011/0001104659-25-011011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1953984/000110465925011011/tm2430957d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-011011

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