Gaucho Group Holdings, Inc. Provides Update on Quarterly Report Filing
Gaucho Group Holdings (OTC PINK:VINOQ) announced a delay in filing its Form 10-Q for Q3 2024. The delay is primarily due to additional requirements following the company's recent voluntary Chapter 11 bankruptcy petition in Florida. The company, which operates e-commerce platforms focusing on fine wines, luxury real estate, and leather goods, expects to file within three weeks. Gaucho Holdings is working with advisors on procedural and compliance matters related to the bankruptcy case, which allows for operational reorganization and strategic reassessment.
Gaucho Group Holdings (OTC PINK:VINOQ) ha annunciato un ritardo nella presentazione del suo Modulo 10-Q per il terzo trimestre del 2024. Il ritardo è principalmente dovuto a requisiti aggiuntivi dopo la recente richiesta volontaria di bancarotta ai sensi del Capitolo 11 in Florida. L'azienda, che gestisce piattaforme di e-commerce focalizzate su vini pregiati, immobili di lusso e articoli di pelle, prevede di presentare la domanda entro tre settimane. Gaucho Holdings sta collaborando con consulenti su questioni procedurali e di conformità relative al caso di bancarotta, che consente una riorganizzazione operativa e una rivalutazione strategica.
Gaucho Group Holdings (OTC PINK:VINOQ) anunció un retraso en la presentación de su Formulario 10-Q para el tercer trimestre de 2024. El retraso se debe principalmente a requisitos adicionales tras la reciente petición de bancarrota voluntaria bajo el Capítulo 11 en Florida. La empresa, que opera plataformas de comercio electrónico enfocadas en vinos finos, bienes raíces de lujo y artículos de cuero, espera presentar dentro de tres semanas. Gaucho Holdings está trabajando con asesores en cuestiones procedimentales y de cumplimiento relacionadas con el caso de bancarrota, lo que permite una reorganización operativa y una reevaluación estratégica.
Gaucho Group Holdings (OTC PINK:VINOQ)는 2024년 3분기 용 Form 10-Q 제출이 지연되었다고 발표했습니다. 이 지연은 플로리다에서 최근 자발적으로 제출한 11장 파산 청원의 추가 요구 사항 때문입니다. 고급 와인, 고급 부동산 및 가죽 제품에 초점을 맞춘 전자 상거래 플랫폼을 운영하는 이 회사는 3주 이내에 제출할 것으로 예상하고 있습니다. Gaucho Holdings는 파산 사건과 관련된 절차 및 준수 문제를 다루기 위해 자문과 협력하고 있으며, 이는 운영 재조정 및 전략적 재평가를 가능하게 합니다.
Gaucho Group Holdings (OTC PINK:VINOQ) a annoncé un retard dans le dépôt de son Formulaire 10-Q pour le troisième trimestre 2024. Ce retard est principalement dû à des exigences supplémentaires suite à la récente demande de faillite volontaire au titre du Chapitre 11 en Floride. La société, qui exploite des plateformes de commerce électronique axées sur les vins fins, l'immobilier de luxe et les articles en cuir, prévoit de déposer dans trois semaines. Gaucho Holdings travaille avec des conseillers sur des questions procédurales et de conformité liées à la procédure de faillite, ce qui permet une réorganisation opérationnelle et une réévaluation stratégique.
Gaucho Group Holdings (OTC PINK:VINOQ) hat eine Verzögerung bei der Einreichung seines Formulars 10-Q für das dritte Quartal 2024 bekannt gegeben. Die Verzögerung ist hauptsächlich auf zusätzliche Anforderungen nach dem kürzlichen freiwilligen Antrag auf Insolvenz gemäß Kapitel 11 in Florida zurückzuführen. Das Unternehmen, das E-Commerce-Plattformen für edle Weine, Luxusimmobilien und Lederwaren betreibt, rechnet damit, die Einreichung innerhalb von drei Wochen vorzunehmen. Gaucho Holdings arbeitet mit Beratern an Verfahrens- und Compliance-Angelegenheiten im Zusammenhang mit dem Insolvenzfall, was eine betriebliche Reorganisation und strategische Neubewertung ermöglicht.
- None.
- Company filed for Chapter 11 bankruptcy protection
- Delayed filing of Q3 2024 Form 10-Q financial report
- Potential risk of delisting or trading restrictions due to filing delay
MIAMI, FL / ACCESSWIRE / November 27, 2024 / Gaucho Group Holdings, Inc. (OTC PINK: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 provided an update to the timing of filing its Form 10-Q for the quarter ended September 30, 2024 with the Securities and Exchange Commission (SEC). The delay is primarily attributed to the additional requirements and considerations stemming from the Company's recent filing of a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Florida.
The Company is actively working with its advisors to address all necessary procedural and compliance matters associated with its Chapter 11 case. Despite these challenges, Gaucho Holdings remains focused on maintaining transparency with stakeholders throughout the process. The Company anticipates filing its Form 10-Q with the SEC within the next three weeks.
The Chapter 11 petition, filed in accordance with U.S. Bankruptcy Code provisions, allows Gaucho Holdings to reorganize its operations and assess its strategic path forward. This process includes rigorous financial reviews, which have contributed to the delay in completing the Company's quarterly reporting requirements.
Gaucho Holdings appreciates the patience and understanding of its stockholders and business partners as it navigates this period. The Company will continue to provide updates as material developments occur.
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
rstear@gauchoholdings.com
SOURCE: Gaucho Group Holdings, Inc.
View the original press release on accesswire.com
FAQ
Why is Gaucho Group Holdings (VINOQ) delaying its Q3 2024 10-Q filing?
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