Gauzy Raises $7 Million in Private Placement to Fund Court — Approved Debt Settlement

Gauzy closed a $7 million private placement led by CEO Eyal Peso on October 15, 2026, to fund its debt settlement. Investors purchased 2,383,279 ordinary shares at $2.9371 each; settlement trustees will receive another 953,311 ordinary shares. The funding fully finances the court-approved settlement, which resolves approximately $61 million in pre-petition liabilities. Trustees will refund $1.64 million unless Safety Tech SAS's French continuation plan receives court approval by November 13, 2026. The ordinary shares corresponding to any refunded investment will be canceled. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gauzy Ltd. published the original content used to generate this news brief via (Ref. ID: 202610161600PRIMZONEFULLFEED1001278422) on October 16, 2026, and is solely responsible for the information contained therein. (C)