Gaucho Group Holdings updates on Chapter 11 proceedings

Published 16/05/2025, 21:14
Gaucho Group Holdings updates on Chapter 11 proceedings

Gaucho Group Holdings, Inc. (OTC Pink:VINOQ), a real estate and construction company, announced an update on its ongoing voluntary Chapter 11 reorganization process. The update, which was provided to stockholders on May 13, 2025, follows the initial filing on March 14, 2025, and addresses the company’s current financial and operational status.

The company cautioned its securityholders about the speculative nature of trading in its common stock during the Chapter 11 proceedings. The trading prices may not accurately reflect the potential recovery for the holders as the process continues. Gaucho Group Holdings emphasized the risks involved and advised against making investment decisions based solely on the current trading performance of its common stock.

The update also included forward-looking statements regarding the expected outcomes of the Chapter 11 reorganization, potential operational improvements, and the company’s ability to adhere to new financial accounting standards. These statements are subject to risks and uncertainties that could affect the company’s future business prospects and financial results.

Previously, on November 13, 2024, Gaucho Group Holdings received notice from Nasdaq that its common stock would be delisted due to non-compliance with listing requirements. As a result, the company’s stock began trading on the OTC Pink Market under the symbol "VINOQ." On April 11, 2025, Nasdaq officially delisted the company’s common stock.

The company’s securities are no longer traded on any major exchange, and the Chapter 11 Reorganization has had a significant impact on its business operations. Despite the challenges, Gaucho Group Holdings intends to continue its operations throughout the reorganization process and is working on improving its financial structure.

The full text of the stockholder update is furnished as Exhibit 99.1 and incorporated by reference in the Form 8-K. The information provided in the update is not considered "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated by reference into any of the company’s filings under the Securities Act of 1933.

This news is based on a press release statement.

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