Gaucho Group Holdings, Inc. announced a private placement that it will issue shares of Senior Convertible Preferred Stock and 8.5% promissory notes for aggregate gross proceeds of up to $7,200,000 on May 21, 2024. The company will issue securities pursuant to Section 4(a)(2) of the 1933 Act and Rule 506(b) of Regulation D thereunder. The Preferred Shares will be issued at a price per share of $100; provided that the Company is limited to the sale of up to 6,731 Preferred Shares for gross proceeds of $637,100 until such time as stockholder approval is granted pursuant to Nasdaq Rule 5635(d) at the Company?s Annual General Meeting of Stockholders on August 18, 2024.