Core Viewpoint - Gauzy Ltd. is undergoing significant management changes and has announced a $50 million equity line of credit proposal to address liquidity challenges and support ongoing operations [1][3][4] Management Changes - Meir Peleg, the Chief Financial Officer, has decided to resign but will remain until April 10, 2026, to ensure a smooth transition [2] - Dan Oshri, the current Executive Vice President of Finance, has been appointed as the Interim Chief Financial Officer [2] - Lilach Payorski and Alexander Babitsky have stepped down from the Board of Directors, with plans to strengthen the Board with experienced independent individuals [3] Financial Position and Liquidity - The company has entered into a term sheet for a $50 million equity line of credit facility to manage liquidity challenges [3] - The proposed facility allows the company to draw down funds at its discretion over a 36-month period following SEC effectiveness of a Form F-1 registration statement [3][4] - The completion of the facility is subject to negotiation of definitive agreements and customary closing conditions [4] Company Overview - Gauzy Ltd. specializes in vision and light control technologies, focusing on research, development, manufacturing, and marketing [5] - The company operates globally, with subsidiaries in multiple countries, serving various industries including aeronautics, automotive, and architecture [6]
Gauzy Ltd. Announces Changes to Management and Board of Directors