Core Viewpoint - Gauzy Ltd. has announced the commencement of insolvency proceedings for its French subsidiaries, which the company strongly opposes and plans to appeal while ensuring business continuity [1][2][5]. Group 1: Insolvency Proceedings - The Commercial Court of Lyon ordered the commencement of French law insolvency proceedings ("Redressement Judiciaire") for three of Gauzy's subsidiaries in France on November 13, 2025 [2]. - The court appointed two administrators and a creditor representative to oversee the proceedings [2]. - Gauzy plans to appeal the court's decision to the Court of Appeal of Lyon as soon as possible [5]. Group 2: Financial Commitment and Operations - Over the past three and a half years, Gauzy has invested over $50 million in its operations in France [3]. - The company is working with the court-appointed administrators to resolve the insolvency matter while maintaining normal operations to meet customer demand [2][3]. Group 3: Company Background - Gauzy Ltd. is a fully-integrated company focused on vision and light control technologies, with operations in multiple countries including Germany, the United States, and China [6]. - The company serves leading brands across various industries, including aeronautics and automotive, in over 60 countries [6].
Gauzy Ltd. to Reschedule Third Quarter 2025 Earnings Release