Brief: Gaucho Group Holdings Inc says On Feb 28, Co Received Second Event Of Default Redemption Notice From 3I

Gaucho group

01/03/2024 23:30

March 1 (Reuters) - Gaucho Group Holdings Inc  VINO.O :
    * GAUCHO GROUP HOLDINGS INC - ON FEB 28, CO RECEIVED SECOND
EVENT
OF DEFAULT REDEMPTION NOTICE FROM 3I
    * GAUCHO GROUP HOLDINGS INC -  UPON EVENT OF DEFAULT,
INTEREST
RATE ON OUTSTANDING PRINCIPAL WILL AUTOMATICALLY BE INCREASED
FROM 7% TO 18% PER ANNUM
    * GAUCHO GROUP HOLDINGS INC -  UPON EVENT OF DEFAULT, 3I MAY
REQUIRE CO TO REDEEM ALL OR ANY PORTION OF NOTE AT PRICE EQUAL
TO GREATER OF PRODUCT
    * GAUCHO GROUP HOLDINGS INC -  3I MAY, AT ITS OPTION,
CONVERT NOTE
INTO SHARES OF COMMON STOCK OF CO AT AN ALTERNATE CONVERSION
PRICE

Further company coverage:  VINO.O 

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