Binah Capital Group Files 2024 10-K
Ticker: BCGWW · Form: 10-K · Filed: Mar 31, 2025 · CIK: 1953984
| Field | Detail |
|---|---|
| Company | Binah Capital Group, Inc. (BCGWW) |
| Form Type | 10-K |
| Filed Date | Mar 31, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, preferred-stock
TL;DR
Binah Capital Group filed its 2024 10-K. Financials show $16.6M in payables/accrued liabilities. Preferred stock redemption terms detailed.
AI Summary
Binah Capital Group, Inc. filed its 10-K for the fiscal year ending December 31, 2024. The filing details financial information and business operations. Key financial data includes Accounts Payable and Accrued Liabilities totaling $16,602,460, with current and noncurrent portions amounting to $1,555,000 and $150,000 respectively. The company also references redemption and liquidation conditions for its Series A Redeemable Convertible Preferred Stock, with specific dates and conditions noted around March 15, 2024.
Why It Matters
This 10-K filing provides a comprehensive overview of Binah Capital Group's financial health and operational status for the past fiscal year, which is crucial for investors and stakeholders to assess the company's performance and future prospects.
Risk Assessment
Risk Level: medium — The filing contains detailed information about preferred stock redemption and liquidation scenarios, which can indicate potential financial complexities or future cash flow needs.
Key Numbers
- $16.6M — Accounts Payable and Accrued Liabilities (Represents the total short-term and long-term obligations for the fiscal year ending 12/31/2024.)
- $1.56M — Current Accounts Payable and Accrued Liabilities (Indicates the immediate obligations due within one year as of 12/31/2024.)
- $0.15M — Noncurrent Accounts Payable and Accrued Liabilities (Represents obligations due beyond one year as of 12/31/2024.)
Key Players & Entities
- Binah Capital Group, Inc. (company) — Filer of the 10-K
- December 31, 2024 (date) — Fiscal year end
- $16,602,460 (dollar_amount) — Total Accounts Payable and Accrued Liabilities
- $1,555,000 (dollar_amount) — Current portion of Accounts Payable and Accrued Liabilities
- $150,000 (dollar_amount) — Noncurrent portion of Accounts Payable and Accrued Liabilities
- March 15, 2024 (date) — Date related to Series A Redeemable Convertible Preferred Stock redemption/liquidation conditions
FAQ
What were Binah Capital Group's total Accounts Payable and Accrued Liabilities as of December 31, 2024?
As of December 31, 2024, Binah Capital Group's total Accounts Payable and Accrued Liabilities were $16,602,460.
What are the current and noncurrent portions of Binah Capital Group's Accounts Payable and Accrued Liabilities?
The current portion is $1,555,000 and the noncurrent portion is $150,000 as of December 31, 2024.
What specific conditions are mentioned regarding the redemption of Series A Redeemable Convertible Preferred Stock?
The filing mentions conditions related to redemption on the first, second, third, and fourth anniversaries of the funding date, as well as liquidation occurring prior to these anniversaries, with specific dates noted around March 15, 2024.
What is the fiscal year end for Binah Capital Group's 2024 10-K filing?
The fiscal year end for this filing is December 31, 2024.
What is the business address and phone number for Binah Capital Group, Inc.?
The business address is 17 Battery Place, Room 625, New York, NY 10004, and the business phone number is (212) 404-7002.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding Binah Capital Group, Inc. (BCGWW).