Gaucho Group Investor Increases Potential Stake to 9.99%

Gaucho Group Holdings Inc (VINO) has released an update to notify the public and investors about a regulation fd disclosure.

Starting February 5, 2024, an investor in Gaucho Group Holdings, Inc. has chosen to almost double their potential stake in the company, going from a cap of 4.99% to 9.99% ownership. This change, which stems from the Senior Secured Convertible Note agreement made in February 2023, will take effect 61 days after the company has been notified by the investor.

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For a comprehensive understanding of the announcement, you can read the full document here.