Kingswood Acquisition Corp.
KWACW
Other OTC0.05
USD
-0.02
- -
CIK
0001823086
ISIN
US4968611131
CUSIP
496861113
Return %
Stock
S&P500
1Y
287.60
26.53
3Y
65.02
76.60
5Y
65.02
80.11
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
- DE United States of America
- CIK
- 0001823086
- Similar Companies
- Business
- Kingswood Acquisition Corp. (KWACW) is a special purpose acquisition company, or blank check company, focused on effecting mergers, share exchanges, asset acquisitions, or similar business combinations, primarily targeting opportunities in the wealth management and investment management sectors serving retail mass affluent and private client investors in the United States and internationally; it offers no current products or services beyond its SPAC structure, including redeemable warrants traded under the KWACW ticker on the OTC market. Incorporated in Delaware in July 2020 and headquartered at 17 Battery Place in New York, New York, the company completed a definitive merger agreement in July 2022 with Wentworth Management Services LLC, a broker-dealer aggregator, culminating in the March 2024 business combination that formed Binah Capital Group, Inc. (NASDAQ: BCG), with KWAC and Wentworth becoming its wholly-owned subsidiaries; the pro forma entity manages approximately $23-25 billion in assets under management across broker-dealer platforms, wealth management advisory services, financial planning, and investment solutions supported by about 1,900 advisors. In connection with the merger, the combined company adopted a vertically integrated platform emphasizing hybrid broker-dealer models, technological innovation, and operational synergies for financial advisors, while securing public market listing under BCG and pursuing further strategic M&A and growth initiatives.