Gaucho Group Holdings Faces NASDAQ Compliance Challenge

Gaucho Group Holdings, Inc. (NASDAQ:VINO), a diversified company in e-commerce, luxury real estate, and leather goods, has received a delinquency compliance alert from NASDAQ. The alert was issued due to the company's failure to file its Annual Report on Form 10-K for the fiscal year that ended on December 31, 2023. This non-compliance with NASDAQ Listing Rule 5250(c)(1) has triggered a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC.

NASDAQ has given Gaucho Group 60 days to present a plan to regain compliance. The company has stated its intention to submit this plan by June 17, 2024. If the plan is approved, Gaucho may receive up to 180 days extension, or until October 14, 2024, to meet the NASDAQ requirements. Should NASDAQ reject the plan, Gaucho Group intends to appeal the decision to a Hearings Panel. Moreover, Gaucho anticipates that it will file its overdue 2023 Annual Report by April 29, 2024.