---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007962"
form_type: "8-K"
ticker: null
cik: "0001559998"
company_name: "Gaucho Group Holdings, Inc."
filed_at: "2024-02-27T23:59:59+00:00"
generated_at: "2026-06-05T11:49:35.390673+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gaucho Group faces $3.4M default demand from 3i; equity line terminated

## Summary
- Tumim Stone Capital terminated ELOC effective March 7, 2024; no penalties incurred.
- 3i, LP demanded immediate payment of at least $3,437,645.74 under default provisions of Note Documents.
- Interest on outstanding note automatically increases to 18% per annum; redemption premium of 115% applies.
- Company asserts Note Documents illegal due to 3i's failure to register as dealer under Exchange Act.
- CEO says default notice is retaliatory; lawsuit seeks to void contracts and rescind transactions.

## SEC filing metadata
- accession: 0001493152-24-007962
- form_type: 8-K
- cik: 0001559998
- company_name: Gaucho Group Holdings, Inc.
- filed_at: 2024-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.02, 2.04, 7.01, 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1559998/000149315224007962/0001493152-24-007962-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1559998/000149315224007962/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007962
- JSON: https://secwatch.observer/filing/0001493152-24-007962.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007962.txt

## Key facts
- Debt Financings
  Gaucho Group Holdings, Inc. reported a default on debt of $5,617,978 with 3i, LP at 7% to 18% per annum.
  - Principal: $5,617,978
  - Counterparty: 3i, LP
  - Rate: 7% to 18% per annum
  - Event: default
  source text: with 3i, LP (“3i”), pursuant to which the Company sold to 3i a series of senior secured convertible notes of the Company in the aggregate original principal amount of $5,617,978 (the “Notes”), and a series of common stock purchase warrants of the Company, which warrants shall be exercisable into an aggregate of 337,710 shares of common stock of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559998/000149315224007962/0001493152-24-007962-index.htm
- Material Agreements
  Gaucho Group Holdings, Inc. terminated Common Stock Purchase Agreement with Tumim Stone Capital LLC (effective 2024-03-07).
  - Action: termination
  - Agreement: equity purchase
  - Counterparty: Tumim Stone Capital LLC
  - Effective: 2024-03-07
  source text: urrent Report on Form 8-K filed November 9, 2022, the Company entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) and a Registration Rights Agreement (the “Registration Rights Agreement”) each dated November 8, 2022 with Tumim Stone Capital
  evidence_url: https://www.sec.gov/Archives/edgar/data/1559998/000149315224007962/0001493152-24-007962-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.