From TokenPost · · 50s
Gauzy Closes $7M Share Sale for Debt Settlement
Gauzy Ltd. closes $7 million share sale to fund $61 million debt settlement with court approval.
In brief
Gauzy Ltd. closes $7 million share sale to fund $61 million debt settlement with court approval. Gauzy Ltd. secured $7 million in shares to settle $61 million in pre-petition debt through a court-approved plan. Originally reported by TokenPost.
Share Sale Details
Gauzy Ltd. closed a $7 million private share placement led by CEO Eyal Peso to fund a court-approved settlement covering $61 million in pre-petition liabilities.
Settlement Terms
The settlement includes $1.638 million tied to a French court decision for Safety Tech SAS, with shares canceled if the court does not approve the subsidiary's continuation plan by November 13.
Payment Schedule
Payments start April 1, 2027, rising from $200,000 to $300,000 over six years, covering $18 million in nominal payments and exit-event proceeds.
The essence
Gauzy Ltd. secured $7 million in shares to settle $61 million in pre-petition debt through a court-approved plan.
