Loan & DebtSep 18, 2026, 11:36 AM
Gauzy Ltd. Secures Court Approval for $61M Debt Settlement
AI Summary
Gauzy Ltd. announced that the Tel Aviv-Jaffa District Court has granted final approval for its comprehensive debt settlement, resolving approximately $61 million in pre-petition liabilities. The settlement received overwhelming support, with 98.96% of voting claims approved, including unanimous backing from secured lenders. The company also secured a $7 million equity investment commitment, which will help fund the settlement and provide working capital, fortifying its balance sheet and allowing a sharpened focus on growth.
Key Highlights
- Gauzy Ltd. received final court approval for its comprehensive debt settlement.
- The settlement resolves approximately $61 million of pre-petition liabilities.
- Creditors representing 98.96% of voting claims approved the settlement, including 100% of secured lenders.
- The company secured a $7 million equity investment commitment to fund the settlement and working capital.
- The Tel Aviv-Jaffa District Court granted final approval on September 8, 2026.
- The automatic stay under Israeli insolvency law has been lifted.
Price Impact
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