Gauzy Announces $7M PIPE Financing For 2.38M Shares Priced At $2.94 Per Share, Led By CEO Eyal Peso

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").