Gauzy Raises $12M to Advance Operational Objectives

Gauzy raised an aggregate of $12M in new cash funding through privately negotiated transactions with existing investors and stakeholders led by Chutzpah Holdings and Orion Infrastructure Capital, an existing senior lender, to advance the operational objectives of the Company and its subsidiaries. The financing framework is intended to provide liquidity, reinforce operational execution, and preserve long-term value creation. The Company is continuing to work with its existing stakeholders to secure additional funding to achieve a well-funded, well-capitalized business and expects to provide additional updates on those efforts in the coming weeks. As previously disclosed, the Company and its subsidiaries are working to resolve the involuntary placement of certain French subsidiaries into insolvency proceedings. Gauzy has already provided nearly $8M in funds to these subsidiaries, intended to help strengthen their financial position. The subsidiaries have already filed an appeal to the findings with the French Commercial Court of Lyon, and the Company's management continues to work collaboratively with administrators in overseeing the process. Management has also engaged with clients, suppliers, authorities, and employees on these processes. Gauzy's French-based subsidiaries continue business operations in an effort to meet customer demand while continuing its strategies to secure new business.