secwatch.observer — SEC 8-K summary
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Issuer:     Gaucho Group Holdings, Inc. (—)
CIK:        0001559998
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001493152-24-008602
Event type: litigation
Sentiment:  negative
Materiality: 0.85
Item codes: 2.04, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gaucho receives second default notice from 3i for $3.45M; stockholders approve reverse split and private placement
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- Second Event of Default Redemption Notice from 3i on Feb 28 demands at least $3,450,711.22; interest rate increases from 7% to 18%.
- Company suing 3i in Delaware, alleging 3i is an unregistered dealer under the Exchange Act.
- Stockholders approved reverse stock split (1:2 to 1:10) and private placement of up to $7.2 million.
- Proposal to issue shares under the 2023 security purchase agreement with 3i was not approved.
- First default notice on Feb 21 demanded $3,437,645.74; company believes defaults are retaliation for its lawsuit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559998/000149315224008602/0001493152-24-008602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559998/000149315224008602/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-008602

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