Bankruptcy: Gaucho Group Holdings, Inc.

Form Type: 8-K

Filing Date: 2025-05-16

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225011247

Filing Summary: On May 13, 2025, Gaucho Group Holdings, Inc. issued an update to stockholders concerning economic developments in Argentina and the company's ongoing voluntary petition for Chapter 11 Reorganization. The company also noted that following a notification from Nasdaq regarding delisting, its common stock was suspended and began trading on the OTC Pink Market. It emphasized that trading during the Chapter 11 process is highly speculative and poses substantial risk, cautioning securityholders about their investments. Additionally, the company included forward-looking statements regarding the reorganization process, financial projections, and the potential impacts of these developments.

Form Type: NT 10-Q

Filing Date: 2025-05-15

Corporate Action: Bankruptcy

Type: New

Accession Number: 000164117225010590

Filing Summary: Gaucho Group Holdings, Inc. has filed a Notification of Late Filing (Form NT 10-Q) for its Quarterly Report on Form 10-Q for the period ended March 31, 2025, indicating that the report cannot be filed in the prescribed time due to liquidity issues stemming from a Chapter 11 bankruptcy reorganization initiated on November 12, 2024. The Company cited its inability to afford auditor fees and complete necessary filings owing to financial constraints. As per the requirements under Rule 12b-25, the Company anticipates filing the report within the extended timeline but cannot currently determine an exact filing date. The Company has communicated that it will continue to provide updates through Current Reports on Form 8-K during the bankruptcy proceedings. Additionally, significant adverse developments in its business and liquidity are leading to noteworthy deviations in its results of operations compared to the previous year, further contributing to the delay. The document also emphasizes that trading in the Company's common stock is speculative and poses risks due to the ongoing bankruptcy process.

Form Type: 8-K

Filing Date: 2025-03-31

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000164117225001497

Filing Summary: On March 28, 2025, the Bankruptcy Court approved a settlement agreement between Gaucho Group Holdings, Inc. and 3i, LP, concluding related litigation and the Chapter 11 Reorganization process. The settlement entails Gaucho Group Holdings agreeing to pay a cash settlement of $5,500,000 to 3i over 12 months, secured by interests in the Algodon Mansion and associated intellectual property. The settlement includes the cancellation of prior securities contracts and the dismissal of pending litigation. The completion of the settlement is subject to various conditions, including an initial cash payment of $500,000 and the execution of necessary documentation to secure the company’s rights in the Algodon Mansion. The Company is also required to seek dismissal of the Chapter 11 Reorganization by June 2, 2025. The Filing on March 31, 2025, included a press release about the Bankruptcy Court's approval of the settlement.

Form Type: NT 10-K

Filing Date: 2025-03-31

Corporate Action: Bankruptcy

Type: New

Accession Number: 000164117225001518

Filing Summary: Gaucho Group Holdings, Inc. is unable to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 due to liquidity constraints arising from their recent Chapter 11 Reorganization petition. The petition was filed on November 12, 2024, seeking relief under Chapter 11 of Title 11 of the United States Code in the Southern District of Florida. The Company cannot afford to pay necessary fees to complete the Annual Report and indicated that it cannot estimate when it will be able to file the report. The Company plans to continue disclosing material events related to the Chapter 11 process through Current Reports on Form 8-K. They anticipate significant changes in operational results compared to the previous year due to adverse developments in the fiscal year 2024. The document advises caution to shareholders regarding trading in the company's securities during the bankruptcy proceedings.

Form Type: 8-K

Filing Date: 2025-03-18

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000149315225010753

Filing Summary: On March 18, 2025, Gaucho Group Holdings, Inc. provided an update to its stockholders regarding a settlement term sheet related to its voluntary petition for relief under Chapter 11. The filing mentions that the company is undergoing a Chapter 11 Reorganization, indicating significant financial distress. The company warns securityholders about trading risks in its common stock during the reorganization process, which is described as highly speculative. They also caution that trading prices may not reflect actual recovery outcomes for shareholders. Forward-looking statements within the filing express uncertainty about the company's ability to continue normal operations and raise funds during the bankruptcy process. This report follows a previous filing on March 14, 2025, and includes a cautionary note regarding expectations and risks associated with the bankruptcy proceedings.

Form Type: 8-K

Filing Date: 2025-03-14

Corporate Action: Bankruptcy

Type: Update

Accession Number: 000149315225010426

Filing Summary: On March 12, 2025, Gaucho Group Holdings, Inc. entered into a settlement with the 3i Parties related to prior bankruptcy proceedings. This settlement involves the cancelation of existing Securities Contracts, the dismissal of ongoing litigation, and a structured dismissal of the Chapter 11 Reorganization which the company filed on November 12, 2024. As part of the agreement, Gaucho Group will pay a cash settlement of $5,500,000 to the 3i Parties over a period of 12 months. This payment will be secured by the company's interests in the Algodon Mansion and associated intellectual property. Additionally, the parties agreed to establish a hotel management agreement for the Algodon Mansion, pending approval by the Bankruptcy Court. This report updates previous filings regarding the company's bankruptcy status and ongoing litigation with the 3i Parties.