Kingswood Acquisition Corp (KWAC) News

KWAC: Business Combination. As a result of the business combination, the Class A Common Stock (KWAC) was cancelled and converted automatically into, and now represents, the right to receive one (1) share of Binah Capital Group, Inc. Common Stock.

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

KWAC: moved from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

Kingswood Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to identify a target business in the financial services industry with a focus on delivering differentiated financial services in the wealth management, financial advisory and investment management sectors to the mass affluent and private client investor community. Kingswood Acquisition Corp. is led by Gary Wilder, Group CEO of Kingswood (AIM: KWG) and Executive Chairman of Kingswood US, who serves as Executive Chairman and Director, and Michael Nessim, President of Kingswood US and CEO of Benchmark Investments, who serves as CEO and Director. Kingswood Acquisition Corp.’s Board of Directors includes Larry Roth, managing partner of RLR Strategic Partners LLC, a consulting firm to senior management teams, boards of directors and advisory boards of wealth management firms and former Chief Executive Officer of Cetera Financial Group.