# Gauzy Closes $7M Share Sale for Debt Settlement

> Gauzy Ltd. closes $7 million share sale to fund $61 million debt settlement with court approval.
- Title: Gauzy Closes $7M Share Sale for Debt Settlement · TokenPost
- Summary: 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…
- Keywords: gauzy, nasdaq, gauz, seahawks, seattle, nfl, crypto, finance, Closes, Share, Sale, Debt
- Source: TokenPost — https://tokenpost.com/news/business/33813
- Published: 2026-10-17T07:09:18+00:00
- Read time: 1 min
- Topics: gauzy, nasdaq, gauz, seahawks, seattle, nfl, crypto, finance
## 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.
## Key takeaway

Gauzy Ltd. secured $7 million in shares to settle $61 million in pre-petition debt through a court-approved plan.