News for Kingswood Acquisition Corp. (KWAC-WT)

NEW YORK, May 24, 2024 /PRNewswire/ -- Binah Capital Group, Inc. today announced that it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the...

The deal values the combined entity, Binah Capital Group, at $208 million. It starts trading under the ticker BCG.

Wentworth and Kingswood Acquisition merge to form Binah Capital

The combined firm will operate as Binah Capital Group and trade on the Nasdaq under the symbol BCG.

Kingswood now has until March 15 to complete its merger with broker/dealer aggregator Wentworth.

Dooley launched the SPAC in 2021, with the goal of acquiring wealth management firms.

Everest Consolidator Acquisition Corp., a SPAC focused on the wealth management industry, has another three months to get a deal done.

The broker/dealer business is starting to embrace different models and affiliation options.

Cartesian Growth Corporation has closed on its deal to merge with RIA Tiedemann Group and Alvarium Investments.

Recent filings with the SEC indicate that the Kingswood/Wentworth deal is on track to close early this year, despite the difficult environment for SPACs.