GAUZ News & Events

Gauzy received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company's delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The Letter is in addition to the previously disclosed letter regarding the Company's non-compliance with Nasdaq's continued listing standards related the Company's non-compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1). The notice has no immediate effect on the listing or trading of the Company's ordinary shares, which will continue to trade on Nasdaq under the ticker symbol "GAUZ." However, the Company will be included in Nasdaq's public list of non-compliant companies, and a non-compliance indicator will be broadcast over Nasdaq's market data dissemination network. Under Nasdaq's listing rules, the Company has 60 calendar days from the date of the notice, or until July 20, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the 2025 Form 20-F, or until November 11, 2026, for the Company to regain compliance. If Nasdaq does not accept the Company's plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company fails to timely regain compliance with Nasdaq's listing rules, the securities of the Company will be subject to delisting on Nasdaq. The Company is actively working to complete and file the 2025 Form 20-F as soon as practicable and intends to submit its compliance plan within the prescribed timeframe.

Gauzy Ltd. announced the appointment of Joseph Tenne to its Board of Directors. Tenne will also serve as the Chair of the Company's audit committee and as a member of the compensation committee.With this appointment, and together with the recent additions of Michael Martin, Shlomo Bibas and Renah Persofsky to the Board, Gauzy has regained compliance with Nasdaq's continued listing requirements related to board and committee independence under Nasdaq Listing Rules 5605(b)(1), 5605(c)(2), and 5605(d)(2). "We are thrilled to welcome Mr. Tenne to Gauzy's Board of Directors," said Eyal Peso, Chief Executive Officer of Gauzy. "His financial expertise, experience leading public companies, and broad board perspective will be invaluable as Gauzy advances its growth strategy and strengthens its position in global vision and light control technologies."

Gauzy announces the initiation of a call for public tenders as part of the Company's previously announced court-supervised reorganization proceedings opened on November 13, 2025 involving three of the Company's French subsidiaries: Gauzy SAS, Safety Tech, and Vision Systems. A notice was published in the digital and print editions of the French newspaper Les Echos on March 6, 2026. Interested parties may request access to an electronic data room, subject to customary confidentiality undertakings and completion of access formalities. The operations of Gauzy SAS, Safety Tech, and Vision Systems continue during the observation period of the ongoing court-supervised reorganization proceedings opened on November 13, 2025. The call for tenders does not exclude the possibility for Gauzy SAS, Safety Tech, and Vision Systems to submit continuation plans. Management continues to explore all options in the best interests of these companies and the group. Gauzy also announces the appointment of new members to its Board of Directors as part of ongoing strategic initiatives to strengthen governance and support long-term growth. The newly appointed Board members, Shlomo Bibas, Michael Martin and Renah Persofsky, bring extensive experience across global technology, capital markets, and corporate governance.

Gauzy received a letter from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company that it is not in compliance with Nasdaq's continued listing requirements related to board and committee independence. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification. The notification has no immediate effect on the listing of the Company's ordinary shares, which will continue to trade uninterrupted on Nasdaq under the ticker "GAUZ." The notice was issued following the recent resignations of two members of the Company's Board of Directors, which resulted in the Board being comprised solely of non-independent directors. As a result, the Company does not currently meet the continued listing requirements under Nasdaq Listing Rules 5605(b)(1), 5605(c)(2), and 5605(d)(2), which relate to the composition of the Board of Directors and the audit and compensation committees. Under Nasdaq rules, Gauzy has 45 calendar days, until March 20, 2026, to either appoint sufficient candidates to its Board of Directors to meet the Nasdaq listing requirements or to submit to Nasdaq a plan to regain compliance. If Nasdaq accepts the Company's plan, Nasdaq may grant an extension of up to 180 calendar days from the date of the notice for the Company to evidence compliance. If Nasdaq fails to accept a compliance plan presented by the Company, the Company will receive written notification that its securities are subject to delisting, and it would have the right to a hearing before an independent panel pursuant to the procedures set forth in the applicable Nasdaq Listing Rules. The hearing request would stay any suspension or delisting action pending the conclusion of the hearing process. However, there can be no assurance, if the Company does appeal the determination by Nasdaq to the hearings panel, that such appeal would be successful. The Company is actively engaged in the process of identifying and evaluating qualified independent director candidates and remains committed to maintaining strong corporate governance practices.