Gaucho Group Holdings, Inc.: Nasdaq/NYSE listing notice — Gaucho Group notifies Nasdaq of plan to cure bid price deficiency via reverse stock split; shareholder vote Dec 28

Gaucho Group Holdings, Inc.

Received Nasdaq deficiency letter June 1, 2023 for bid price below $1.00 for 30 consecutive business days.
Company intends to cure via reverse stock split (1:2 to 1:10) if needed; shareholder meeting Dec 28 to authorize board discretion.
Reverse split would be implemented by June 30, 2024; authorized shares remain 150,000,000.
Company meets all other Nasdaq listing standards except minimum bid price.
No assurance of regaining compliance; stock trades under symbol VINO on Nasdaq Capital Market.

item 3.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.7

Gaucho Group Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price.

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price

Exact text from the filing

November 28, 2023, Gaucho Group Holdings, Inc. (the “Company”) sent correspondence to the Nasdaq Stock Market LLC announcing its intention to effect a reverse stock split, if necessary to regain compliance with Nasdaq’s minimum bid price requirement, pending stockholder approval on December 28, 2023. The full text of the correspondence is furnished hereto as Exhibit 99.1 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001493152-23-042912

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