Light and Vision Control
Search documents
Gauzy Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2026-03-20 12:00
Core Viewpoint - Gauzy Ltd. is currently not in compliance with Nasdaq's minimum bid price requirement, having a closing bid price below $1.00 for 30 consecutive business days, but this notification does not impact ongoing operations or trading [1][2][5]. Compliance and Listing Requirements - The company has been granted a 180-calendar-day compliance period until September 14, 2026, to regain compliance with the minimum bid price requirement [3]. - If compliance is not regained by the deadline, Gauzy may be eligible for an additional 180-calendar-day compliance period, provided it meets other listing requirements [4]. Company Operations - The notification from Nasdaq does not affect the company's business operations, strategic initiatives, or the trading of its ordinary shares [5]. - Gauzy intends to monitor its share price and consider options to regain compliance if necessary [5]. Company Overview - Gauzy Ltd. is a fully-integrated company focused on the research, development, manufacturing, and marketing of vision and light control technologies, serving various industries [8]. - The company is headquartered in Tel Aviv, Israel, with subsidiaries in multiple countries, including Germany, France, the United States, and China, and serves leading brands across aeronautics, automotive, and architecture [8].
Gauzy Strengthens Board and Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2026-03-19 13:07
Core Viewpoint - Gauzy Ltd. has appointed Joseph Tenne to its Board of Directors, enhancing its leadership and governance as the company focuses on growth and shareholder value [1][3][6] Group 1: Appointment and Governance - Joseph Tenne brings over 20 years of financial leadership and public company governance experience, serving as Chair of the audit committee and a member of the compensation committee [1][2][6] - The recent appointments of Tenne, along with Michael Martin, Shlomo Bibas, and Renah Persofsky, have helped Gauzy regain compliance with Nasdaq's listing requirements [2] Group 2: Leadership Insights - CEO Eyal Peso expressed enthusiasm for Tenne's appointment, highlighting his financial expertise and experience in leading public companies as vital for Gauzy's growth strategy [3][6] - Tenne emphasized Gauzy's strong reputation for innovation in advanced materials and vision systems, indicating his commitment to driving growth and long-term shareholder value [3][6] Group 3: Tenne's Background - Tenne has held significant financial roles, including CFO positions at Itamar Medical Ltd. and Ormat Technologies, contributing to their global growth and capital markets strategies [4][5] - His experience includes advising multinational clients on financial reporting and corporate transactions while being a Certified Public Accountant in Israel [5] Group 4: Company Overview - Gauzy Ltd. is a fully-integrated company focused on vision and light control technologies, with operations in multiple countries including Germany, France, the United States, and China [9] - The company serves leading brands across various industries, including aeronautics and automotive, in over 60 countries [9]
Gauzy Announces Initiation of a Call for Public Tenders for Buyers or Investors
Globenewswire· 2026-03-10 12:00
New Board Members Appointed to Strengthen Governance and Support Long-Term Strategic GrowthTEL AVIV, Israel, March 10, 2026 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control technologies, today announces the initiation of a call for public tenders (buyers or investors) as part of the Company’s previously announced court-supervised reorganization proceedings (redressement judiciaire) opened on November 13, 2025 involving three of the Company ...
Gauzy Ltd. Announces Receipt of Nasdaq Notice Regarding Board Composition Requirements
Globenewswire· 2026-02-06 13:03
Core Viewpoint - Gauzy Ltd. has received a notification from Nasdaq regarding non-compliance with continued listing requirements due to the lack of independent directors on its Board of Directors following recent resignations [1][2]. Group 1: Compliance and Governance - The notification indicates that the Company does not meet Nasdaq Listing Rules 5605(b)(1), 5605(c)(2), and 5605(d)(2) related to board and committee independence [1]. - Gauzy has 45 calendar days, until March 20, 2026, to either appoint sufficient independent directors or submit a compliance plan to Nasdaq [2]. - The Company is actively seeking qualified independent director candidates and is committed to strong corporate governance practices [3]. Group 2: Potential Outcomes - If Nasdaq accepts the compliance plan, the Company may receive an extension of up to 180 calendar days to demonstrate compliance [2]. - Should Nasdaq reject the compliance plan, the Company will be notified of potential delisting, but it has the right to request a hearing [2]. - There is no assurance that the Company will successfully regain compliance within the required timeframe [3]. Group 3: Company Overview - Gauzy Ltd. specializes in vision and light control technologies, with operations in various countries including Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates [4]. - The Company serves leading brands across industries such as aeronautics, automotive, and architecture in over 60 countries [4].
Gauzy Ltd. Announces Changes to Management and Board of Directors
Globenewswire· 2026-01-26 23:05
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. Raises $12 Million Investment to Advance Capital Objectives and Provides Update on Board Composition
Globenewswire· 2025-12-02 14:28
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. to Reschedule Third Quarter 2025 Earnings Release
Globenewswire· 2025-11-14 13:00
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. Sets Date for Third Quarter 2025 Results
Globenewswire· 2025-11-06 21:42
Core Viewpoint - Gauzy Ltd. will release its financial results for Q3 2025 on November 14, 2025, before market opening, followed by a conference call to discuss the results [1]. Company Overview - Gauzy Ltd. is a fully-integrated company specializing in light and vision control technologies, focusing on research, development, manufacturing, and marketing [4]. - The company is headquartered in Tel Aviv, Israel, with subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates, serving clients in over 60 countries [4]. Conference Call Details - The conference call will take place at 8:30 a.m. EDT on November 14, 2025, and can be accessed via U.S. Toll Free (800) 717-1738 or International (646) 307-1865 [2]. - An audio replay of the conference call will be available for one week after the event, accessible through U.S. Toll Free (844) 512-2921 or International (412) 317-6671 with access code 1112120 [3].
Gauzy Ltd. Provides Update on Board of Directors
Globenewswire· 2025-09-16 21:00
Core Viewpoint - Gauzy Ltd. announced the resignation of Michael Donnelly from its Board of Directors for personal reasons, effective immediately, while expressing gratitude for his contributions to the company [1][2]. Company Overview - Gauzy Ltd. is a fully-integrated company specializing in vision and light control technologies, focusing on research, development, manufacturing, and marketing to enhance user experiences across various industries [3]. - The company is headquartered in Tel Aviv, Israel, with subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates, serving leading brands in aeronautics, automotive, and architecture across over 60 countries [3]. Leadership Commentary - Michael Donnelly expressed his privilege in working with Gauzy and optimism about the company's future growth and shareholder value creation [2]. - Eyal Peso, Co-Founder and CEO, acknowledged Donnelly's instrumental role in the company's growth and long-term strategy development, wishing him success in future endeavors [2]. Board Dynamics - The Board and management of Gauzy expressed appreciation for Donnelly's service, confirming that his resignation was not due to any disagreement with the company or its management [2].
Gauzy Ltd. to Attend B. Riley Securities Consumer & TMT Conference
Globenewswire· 2025-09-04 12:00
Company Overview - Gauzy Ltd. is a fully-integrated light and vision control company focused on research, development, manufacturing, and marketing of vision and light control technologies [2] - The company is headquartered in Tel Aviv, Israel, with subsidiaries in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates [2] - Gauzy serves leading brands across aeronautics, automotive, and architecture in over 60 countries through direct fulfillment and a certified distribution channel [2] Event Announcement - Gauzy Ltd. will have its senior management attend the B. Riley Securities Consumer & TMT Conference on September 10, 2025, in New York [1]