Gaucho Group Holdings Inc (VINO) has released an update.
Gaucho Group Holdings, Inc. has raised a total of $980,000 through a private placement of common stock, issuing shares at a minimum price of $0.60 each. This strategic financial move involved offering shares exclusively to accredited investors with whom the company has a pre-existing relationship, ensuring regulatory compliance under the Securities Act. Additionally, employees, consultants, and advisors of the company received shares as part of the vesting of Restricted Stock Units under the company’s equity incentive plan.
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