Gaucho Group Holdings, Inc. Announces Settlement and Plan for Chapter 11 Exit

Gaucho Group Holdings, Inc. has announced a settlement term sheet with 3i, LP, 3i Management LLC, and Maier Joshua Tarlow to resolve ongoing litigation and facilitate a structured dismissal of its Chapter 11 proceedings. This agreement is subject to the approval of the Chapter 11 Bankruptcy Court.

The litigation originated from a Securities Purchase Agreement and related documents. As part of the settlement, Gaucho Holdings will make a $5.5 million cash payment to the 3i Parties over 12 months. The settlement is secured by interests in the Algodon Mansion, and includes a hotel management agreement for the property.

This development follows the Chapter 11 petition filed by the company in November 2024, seeking relief under the United States Bankruptcy Code. Updates will be provided as required by disclosure obligations.