Gaucho Group Holdings, Inc closed a private placement of 900,000 units at an issue price of $0.45 per unit raising a gross proceeds of $405,000 on September 15, 2023.Each unit consists of one share of common stock and one-fifth of a warrant. A total of 900,000 shares of common stock and warrants to purchase 180,000 shares of common stock were issued. Each whole warrant is exercisable at $0.45 for two years from the date of issuance.

The transaction included participation from accredited investors. The company has received $405,000 pursuant to Regulation D and included participation from 3 investors.