Kingswood Acquisition Corp.
KWACU
Other OTC11.60
USD
-0.40
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Kingswood Acquisition Corp.
KWACU
(Other OTC)
Recent
price
11.60
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- 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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