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GAUCHO GROUP HOLDINGS, INC.

(VINO)
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GAUCHO : Entry into a Material Definitive Agreement (form 8-K/A)

06/16/2021 | 04:06pm EDT

Item 1.01 Entry into a Material Definitive Agreement

This Current Report on Form 8-K/A of Gaucho Group Holdings, Inc. (the "Company") amends the Company's Current Report on Form 8-K dated May 6, 2021 and filed with the Securities and Exchange Commission on May 7, 2021 (the "Original Filing") to correct a typo in the number of shares of Common Stock representing 19.99% outstanding immediately prior to the execution of the Purchase Agreement. In the Original Filing, the number was mistakenly stated at 1,949,404. The correct statement is below with the correct number of shares which is 1,494,404:

On May 6, 2021, the Company entered into a Common Stock Purchase Agreement (the "Purchase Agreement") and a Registration Rights Agreement with Tumim Stone Capital LLC ("Tumim Stone Capital"). The Original Filing stated that under the applicable rules of The Nasdaq Stock Market LLC ("Nasdaq"), in no event may we issue to Tumim Stone Capital under the Purchase Agreement more than 1,494,404 shares of our Common Stock (including the Commitment Shares), which represents 19.99% of the shares of the Common Stock outstanding immediately prior to the execution of the Purchase Agreement (the "Exchange Cap"), unless (i) we obtain stockholder approval to issue shares of Common Stock in excess of the Exchange Cap or (ii) the average price of all applicable sales of Common Stock to Tumim Stone Capital under the Purchase Agreement equals or exceeds the lower of (i) the Nasdaq official closing price immediately preceding the execution of the Purchase Agreement or (ii) the arithmetic average of the five Nasdaq official closing prices for the Common Stock immediately preceding the execution of the Purchase Agreement, plus an incremental amount of $0.322, such that the transactions contemplated by the Purchase Agreement are exempt from the Exchange Cap limitation under applicable Nasdaq rules.

Except as described herein, no other changes have been made to our Current Report on Form 8-K filed on May 7, 2021.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 0,64 M - -
Net income 2020 -5,65 M - -
Net Debt 2020 1,80 M - -
P/E ratio 2020 -4,85x
Yield 2020 -
Capitalization 27,9 M 27,9 M -
EV / Sales 2019 19,5x
EV / Sales 2020 57,0x
Nbr of Employees 69
Free-Float 78,9%
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Managers and Directors
Scott L. Mathis Chairman, President & Chief Executive Officer
Maria I. Echevarria CFO, COO, Secretary & Treasurer
Peter J. L. Lawrence Independent Director
Marc Dumont Independent Director
Steven A. Moel Independent Director