Gaucho Group Holdings, Inc. Announces Nasdaq Listing and Pricing of $8.0 Million Public Offering
February 17 2021 - 2:37AM
Gaucho Group Holdings, Inc. (NASDAQ:VINO) (the “Company”), a
company that includes a growing collection of e-commerce platforms
with a concentration on fine wines, luxury real estate, and leather
goods & accessories, today announced the pricing of an
underwritten public offering of 1,333,334 units, consisting of one
share of common stock and one common stock purchase warrant, at a
public offering price of $6.00 per unit for aggregate gross
proceeds of $8,000,004 prior to deducting underwriting discounts,
commissions, and other offering expenses. In addition, the Company
has granted the underwriters a 45-day option to purchase up to an
additional 199,999 units at the public offering price less the
underwriting discounts and commissions. The offering is expected to
close on February 19, 2021, subject to satisfaction of customary
closing conditions.
The Company has received approval to list its
common stock on the Nasdaq Capital Market under the symbol “VINO”,
with trading expected to begin on February 17, 2021.
Kingswood Capital Markets, division of Benchmark
Investments, Inc., is acting as sole bookrunning manager for the
offering.
The United States Securities and Exchange
Commission ("SEC") declared effective a registration statement on
Form S-1 relating to these securities on February 16, 2021. A final
prospectus relating to this offering will be filed with the SEC.
When available, copies of the final prospectus relating to this
offering can be obtained at the SEC's website at www.sec.gov or
from Kingswood Capital Markets, division of Benchmark Investments
Inc., 17 Battery Place, Suite 625, New York, NY 10004, Attention:
Syndicate Department, or via email at
syndicate@kingswoodcm.com or telephone at (212) 404-7002.
Before investing in this offering, interested parties should read
in their entirety the prospectus, which provides more information
about the Company and such offering.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the
securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
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™
(gauchobuenosaires.com), these are the luxury brands in which
Argentina finds its contemporary expression.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Statements
other than statements of historical facts included in this press
release may constitute forward-looking statements and are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission and
elsewhere. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Media Relations:
Gaucho Group Holdings, Inc. Rick Stear Director of Marketing
212.739.7669 rstear@gauchoholdings.com
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