Gauzy Ltd. (NASDAQ:GAUZ) ("Gauzy" or the "Company"), a global leader in light and vision control technology, today announced that it has entered into a securities purchase agreement (the "Purchase Agreement") with a group of accredited investors led by Eyal Peso, the Company's Chief Executive Officer (collectively, the "Purchasers"), for a private investment in public equity ("PIPE") resulting in $7 million in aggregate gross proceeds (the "Offering"). Pursuant to the Purchase Agreement, the Company agreed to issue and sell 2,383,279 ordinary shares, no par value ("Ordinary Shares"), to the Purchasers at a purchase price of $2.9371 per share. In addition, in accordance with the terms of the Company’s court-approved debt settlement (the "Settlement"), 953,311 Ordinary Shares will be issued to the trustees appointed under the Settlement, Adv. Ehud Gindes and Adv. (CPA) Simion Keidar (the "Settlement Trustees").

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.