Gaucho Group Holdings (NASDAQ:VINO) filed an 8-K announcing completion of a global settlement with 3i, LP and related entities and the structured dismissal of its Chapter 11 case. On 9 June 2025 the parties closed the transaction whereby the Company will pay $5.5 million in cash over 12 months. In exchange, the Securities Purchase Agreement, promissory note and related instruments are cancelled, and the Delaware litigation and all related claims are dismissed.
The payment is secured by all right, title and interest in the Algodon Mansion hotel and its associated intellectual property. In addition, the parties agreed to enter into a hotel management agreement for that property.
With the settlement finalized, the United States Bankruptcy Court for the Southern District of Florida dismissed the Company’s Chapter 11 reorganization on 16 June 2025, formally ending bankruptcy proceedings that began in November 2024. The filing reiterates forward-looking risks concerning liquidity, ability to satisfy the settlement schedule, asset sales, and potential impacts on Nasdaq listing status. A press release detailing the dismissal was furnished as Exhibit 99.1 but is not deemed filed.