Kingswood Acquisition Corp.
KWACU
Other OTC11.60
USD
-0.40
- -
CIK
0001823086
ISIN
US4968612048
CUSIP
496861204
Return %
Stock
S&P500
1Y
16.00
18.44
3Y
8.92
63.65
5Y
15.65
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Haskel Nessim
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 17 Battery Place New York City NY United States of America 10004
- IPO Date
- Nov 20, 2020
- CIK
- 0001823086
- Website
- kingswoodacquisition.com
- Similar Companies
- Business
- Kingswood Acquisition Corp. (KWACU) is a blank check company, or special purpose acquisition company (SPAC), whose principal business activity is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, focusing primarily on the wealth management and investment management sectors. Incorporated in Delaware in July 2020 and headquartered at 17 Battery Place, Room 625, New York, New York, the company has no significant current operations and targets opportunities with entities serving retail mass affluent and private client investors in the United States and internationally. It offers no core products or services beyond its SPAC structure but seeks to build a vertically integrated global wealth management platform through strategic combinations; in March 2024, it completed a definitive merger with Wentworth Management Services LLC, a broker-dealer aggregator, resulting in both entities becoming wholly-owned subsidiaries of the newly formed publicly traded Binah Capital Group, Inc., with the combined entity encompassing over 1,900 advisors, $25 billion in assets under management, and over $285 billion in affiliated assets under management. This transaction, originally announced in July 2022 and extended multiple times through deadlines including November 2024, integrates broker-dealer capabilities, hybrid open architecture systems, comprehensive financial advisory services, advanced financial planning, and investment management solutions under distinct operational brands, creating operational synergies and positioning the platform to address underserved markets via technological innovation and regulatory compliance. The merger marks the company's primary strategic evolution, with trading of its units under KWACU now reflecting post-combination status on OTC markets following prior NYSE suspension.
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