Gaucho Group Holdings announces 1-for-10 reverse stock split effective Sep 25 to meet Nasdaq $1.00 bid price

Gaucho Group Holdings, Inc.

Reverse stock split at 1-for-10 ratio effective 12:01 a.m. ET on September 25, 2023.
Common stock (VINO) begins split-adjusted trading at market open on Sep 25; CUSIP changes to 36809R404.
Outstanding shares will reduce from ~8,631,753 to ~863,264 (net of fractional share rounding).
Split intended to regain compliance with Nasdaq minimum $1.00 bid price requirement (deficiency letter received Jun 1, 2023).
Proportionate adjustments made to outstanding options, warrants, and equity awards.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Gaucho Group Holdings, Inc.: Amended and restated certificate of incorporation to effect a 1-for-10 reverse stock split of common stock (effective 2023-09-25).

Change: charter amendment
Effective: 2023-09-25

Exact text from the filing

The Company effected the Reverse Stock Split pursuant to the Company’s filing of an amended and restated certificate of incorporation

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Source: SEC EDGAR

accession 0001493152-23-033411

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