Gauzy announced on September 18 that a Tel Aviv-Jaffa court had approved a restructuring covering approximately $61 million in pre-petition liabilities. The company says the approval took effect on September 8 and ended the insolvency stay.
The arrangement includes a binding commitment for $7 million in new equity led by chief executive Eyal Peso. Gauzy says up to $4 million of those proceeds is intended for priority employee claims, with the balance supporting working capital and settlement costs.
Repayments into a settlement fund are scheduled to begin in April 2027 and continue for six years, totaling about $18 million before any additional proceeds from qualifying exit transactions. Court approval therefore does not mean all creditors have already been repaid.