Core Insights - Gauzy Ltd. has successfully raised $12 million in new funding from existing investors and a senior lender, indicating strong confidence in the company's business model and growth trajectory [1][3] - The financing aims to enhance liquidity, operational execution, and long-term value creation, with plans for additional funding to ensure a well-capitalized business [2] Financial and Operational Updates - The company has provided nearly $8 million to its French subsidiaries facing insolvency proceedings, and these subsidiaries are actively appealing the court's findings while continuing operations to meet customer demand [3] - Gauzy's management is engaged with various stakeholders, including clients and suppliers, to navigate the insolvency process and secure new business opportunities [3] Board Composition Changes - Two board members, Alejandro Weinstein and Yishai Klein, have stepped down to pursue other interests but continue to support the company in its strategic initiatives and funding efforts [4][5]
Gauzy Ltd. Raises $12 Million Investment to Advance Capital Objectives and Provides Update on Board Composition