Gaucho Group Holdings, Inc. Announces Settlement Term Sheet and Plan for Structured Exit from Chapter 11
Gaucho Group Holdings (OTC:VINOQ) has announced a settlement agreement with the 3i Parties to resolve ongoing litigation and facilitate its exit from Chapter 11 bankruptcy proceedings. The settlement involves:
- A $5.5 million cash payment to be made over 12 months
- Cancellation of Securities Contracts
- Dismissal of Delaware Litigation
- Structured dismissal of Chapter 11 Reorganization
The settlement will be secured by the company's rights and interests in the Algodon Mansion and its associated intellectual property. As part of the agreement, the parties will enter into a hotel management agreement for the Algodon Mansion. The settlement term sheet requires approval from the Chapter 11 Bankruptcy Court.
Gaucho Group Holdings (OTC:VINOQ) ha annunciato un accordo di transazione con le parti 3i per risolvere le controversie in corso e facilitare la sua uscita dalle procedure di bancarotta ai sensi del Capitolo 11. L'accordo prevede:
- Un pagamento in contante di 5,5 milioni di dollari da effettuarsi in 12 mesi
- Cancellazione dei contratti di titoli
- Archiviazione della causa del Delaware
- Archiviazione strutturata della riorganizzazione ai sensi del Capitolo 11
L'accordo sar脿 garantito dai diritti e dagli interessi dell'azienda nella Algodon Mansion e nella sua propriet脿 intellettuale associata. Come parte dell'accordo, le parti stipuleranno un contratto di gestione alberghiera per l'Algodon Mansion. Il foglio dei termini dell'accordo richiede l'approvazione del Tribunale della Bancarotta del Capitolo 11.
Gaucho Group Holdings (OTC:VINOQ) ha anunciado un acuerdo de conciliaci贸n con las partes 3i para resolver el litigio en curso y facilitar su salida de los procedimientos de bancarrota del Cap铆tulo 11. El acuerdo incluye:
- Un pago en efectivo de 5,5 millones de d贸lares que se realizar谩 en 12 meses
- Cancelaci贸n de contratos de valores
- Desestimaci贸n del litigio en Delaware
- Desestimaci贸n estructurada de la reorganizaci贸n del Cap铆tulo 11
El acuerdo estar谩 respaldado por los derechos e intereses de la empresa en la Algodon Mansion y su propiedad intelectual asociada. Como parte del acuerdo, las partes firmar谩n un contrato de gesti贸n hotelera para la Algodon Mansion. La hoja de t茅rminos del acuerdo requiere la aprobaci贸n del Tribunal de Bancarrotas del Cap铆tulo 11.
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Gaucho Group Holdings (OTC:VINOQ) a annonc茅 un accord de r猫glement avec les parties 3i pour r茅soudre les litiges en cours et faciliter sa sortie des proc茅dures de faillite du Chapitre 11. Le r猫glement comprend :
- Un paiement en esp猫ces de 5,5 millions de dollars 脿 effectuer sur 12 mois
- Annulation des contrats de titres
- Rejet du litige du Delaware
- Rejet structur茅 de la r茅organisation du Chapitre 11
Le r猫glement sera garanti par les droits et int茅r锚ts de l'entreprise dans la Algodon Mansion et sa propri茅t茅 intellectuelle associ茅e. Dans le cadre de l'accord, les parties concluront un contrat de gestion h么teli猫re pour l'Algodon Mansion. La feuille de conditions du r猫glement n茅cessite l'approbation du tribunal des faillites du Chapitre 11.
Gaucho Group Holdings (OTC:VINOQ) hat eine Vergleichsvereinbarung mit den 3i Parteien angek眉ndigt, um laufende Rechtsstreitigkeiten zu l枚sen und den Ausstieg aus dem Insolvenzverfahren nach Kapitel 11 zu erleichtern. Der Vergleich umfasst:
- Eine Bargeldzahlung von 5,5 Millionen Dollar, die 眉ber 12 Monate erfolgen soll
- Stornierung von Wertpapiervertr盲gen
- Abweisung der Klage in Delaware
- Strukturierte Abweisung der Reorganisation nach Kapitel 11
Der Vergleich wird durch die Rechte und Interessen des Unternehmens an der Algodon Mansion und dem damit verbundenen geistigen Eigentum gesichert. Im Rahmen der Vereinbarung werden die Parteien einen Hotelmanagementvertrag f眉r die Algodon Mansion abschlie脽en. Das Term Sheet des Vergleichs erfordert die Genehmigung des Insolvenzgerichts nach Kapitel 11.
- Settlement agreement provides clear path to exit Chapter 11 bankruptcy
- Structured payment plan of $5.5M over 12 months instead of immediate payment
- Company retains Algodon Mansion through management agreement
- $5.5M settlement payment obligation adds significant financial burden
- Company must pledge Algodon Mansion assets as security for settlement
- Potential loss of control over Algodon Mansion if payment terms not met
Agreement Provides for Structured Settlement and Dismissal of Litigation
MIAMI, FL / / March 18, 2025 / Gaucho Group Holdings, Inc. (OTC:VINOQ), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods and accessories (the "Company" or "Gaucho Holdings"), today announced that it has entered into a settlement term sheet with 3i, LP, 3i Management LLC, and Maier Joshua Tarlow (the "3i Parties") to resolve outstanding litigation and facilitate a structured dismissal of the Company's Chapter 11 reorganization proceedings, subject to approval by the Chapter 11 Bankruptcy Court.
As previously reported on the Company's Current Report on Form 8-K filed on February 20, 2024, Gaucho Holdings commenced an action in the United States District Court for the District of Delaware on February 16, 2024, through the filing of a complaint against the 3i Parties. The litigation pertained to that certain Securities Purchase Agreement, promissory note, and ancillary agreements (the "Securities Contracts") entered into between the Company and the 3i Parties (the "Delaware Litigation").
Additionally, as disclosed in the Company's Current Report on Form 8-K filed on November 12, 2024, the Company filed a voluntary petition (the "Chapter 11 Reorganization") in the United States Bankruptcy Court for the Southern District of Florida (the "Bankruptcy Court"), seeking relief under Chapter 11 of Title 11 of the United States Code.
On March 12, 2025, Gaucho Holdings and the 3i Parties (collectively, the "Parties") entered into a settlement term sheet under which, in exchange for the cancellation of the Securities Contracts, dismissal of the Delaware Litigation and related litigation, and a structured dismissal of the Chapter 11 Reorganization, the Company has agreed to make a cash settlement payment of
The settlement term sheet is subject to review and approval by the Chapter 11 Bankruptcy Court. The Company will provide updates as appropriate in accordance with its disclosure obligations.
About Gaucho Group Holdings, Inc.
For more than ten years, Gaucho Group Holdings, Inc.'s (gauchoholdings.com) mission has been to source and develop opportunities in Argentina's undervalued luxury real estate and consumer marketplace. Our company has positioned itself to take advantage of the continued and fast growth of global e-commerce across multiple market sectors, with the goal of becoming a leader in diversified luxury goods and experiences in sought after lifestyle industries and retail landscapes. With a concentration on fine wines (algodonfinewines.com & algodonwines.com.ar), hospitality (algodonhotels.com), and luxury real estate (algodonwineestates.com) associated with our proprietary Algodon brand, as well as the leather goods, ready-to-wear and accessories of the fashion brand Gaucho - Buenos Aires® (gaucho.com), these are the luxury brands in which Argentina finds its contemporary expression.
Cautionary Note Regarding Forward-Looking Statements
The information discussed in this press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included herein concerning, among other things, changes to exchange rates and their impact on the Company, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business strategy and other plans and objectives for future operations, are forward looking statements. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees of future performance. Refer to our risk factors set forth in our reports filed on Edgar. The Company disclaims any obligation to update any forward-looking statement made here.
Media Relations:
Gaucho Group Holdings, Inc.
Rick Stear
Director of Marketing
212.739.7669
[email protected]
SOURCE: Gaucho Group Holdings, Inc.
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FAQ
What are the key terms of VINOQ's settlement agreement with 3i Parties?
How will VINOQ pay the settlement amount to 3i Parties?
What happens to VINOQ's Chapter 11 bankruptcy after this settlement?
What assets is VINOQ using to secure the settlement payment?
