Gauzy Proposes Debt Settlement in Israeli Court, Secures $7M PIPE Investment
Gauzy has proposed a debt settlement in an Israeli court to repay all creditor claims, with court approval expected within weeks. The company also signed a binding term sheet for a $7 million PIPE investment led by CEO Eyal Peso and Chutzpah Holdings to support restructuring.
Gauzy, a company undergoing restructuring, has filed a debt settlement proposal in an Israeli court. The plan aims to repay all creditor claims, and the company expects court approval within weeks, though a final agreement has not yet been executed.
To support the restructuring, Gauzy signed a binding term sheet for a $7 million private investment in public equity (PIPE) led by CEO Eyal Peso and Chutzpah Holdings. The investment is intended to provide liquidity during the restructuring process.
Source: First Squawk