Gauzy Closes $7 Million Share Sale to Fund Debt Settlement

Gauzy Ltd. (Nasdaq: GAUZ) closed a $7 million private share placement led by Chief Executive Eyal Peso, financing a court-approved settlement covering about $61 million in pre-petition liabilities. A $1.638 million portion of the proceeds is tied to a separate French court decision involving the company’s subsidiary Safety Tech SAS. The placement closed Oct. 15. Investors agreed to buy 2,383,279 ordinary shares at $2.9371 each. Under the settlement, trustees Adv. Ehud Gindes and Adv. (CPA) Simion Keidar are to receive another 953,311 shares.

Source: TokenPost