Gaucho Group Holdings Inc (VINO) has shared an update.
Gaucho Group Holdings, Inc. has been involved in significant financial dealings, including a stock purchase agreement with Tumim Stone Capital and a securities purchase agreement resulting in the issuance of notes and warrants to 3i, LP. Tumim elected to terminate its agreement with Gaucho, while 3i has issued a default notice demanding a substantial redemption payment under the terms of their agreement, with Gaucho alleging illegal securities transactions by 3i. These developments have led to Gaucho seeking to void contracts with 3i, with the situation detailed in a recent press release and documents filed with the SEC.
For a thorough assessment of VINO stock, go to TipRanks’ Stock Analysis page.
