Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the
“Company”), a global leader in vision and light control
solutions, announced today the closing of its initial public
offering of 4,411,765 of its ordinary shares at a public offering
price of $17.00 per share for aggregate gross proceeds of $75
million, prior to deducting underwriting discounts and other
offering expenses. In addition, the Company has granted to the
underwriters a 30-day option to purchase up to an additional
661,765 of its ordinary shares from Gauzy at the public offering
price less underwriting discounts and other offering expenses.
Gauzy’s ordinary shares began trading on the Nasdaq Global
Market under the symbol “GAUZ” on June 6, 2024.
The Company intends to use the net proceeds it receives from the
offering for the purchase of equipment and materials for the
expansion of its production lines, research and development,
advertising and marketing, payment of a second earn out payment,
working capital, including bonus payments to officers, employees
and consultants payable upon the closing of this offering and other
general corporate purposes.
Barclays acted as lead book-running manager for the offering. TD
Cowen and Stifel acted as book-running managers for the offering.
B. Riley Securities acted as passive bookrunner for the offering.
Beech Hill Securities acted as co-manager for the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from:
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, e-mail:
barclaysprospectus@broadridge.com, telephone: 888-603-5847; TD
Securities (USA) LLC, 1 Vanderbilt Avenue, New York, NY 10017, by
telephone at (855) 495-9846, or by email at
TD.ECM_Prospectus@tdsecurities.com; Stifel, Nicolaus & Company,
Incorporated, Attention: Syndicate, One Montgomery Street, Suite
3700, San Francisco, CA 94104, by telephone at (415) 364-2720, or
by email at syndprospectus@stifel.com; B. Riley Securities, Inc.,
Attention: Prospectus Department, 1300 North 17th Street, Suite
1300, Arlington, Virginia 22209; Telephone: (703) 312-9580, or by
emailing prospectuses@brileyfin.com or Beech Hill Securities, Inc.,
880 Third Ave, 16th Floor, New York, NY 10022.
A registration statement on Form F-1 (File No. 333-278675)
relating to the offering of the ordinary shares has been filed with
the U.S. Securities and Exchange Commission (the "SEC") and became
effective on June 5, 2024. This offering was made only by means of
a prospectus forming part of the registration statements relating
to these ordinary shares. A final prospectus related to the
offering has been filed and made available on the SEC’s website at
https://www.sec.gov/.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities. It also shall not
constitute an offer, solicitation, or sale in any jurisdiction
where such an offer, solicitation, or sale would be unlawful prior
to registration or qualification under the securities laws of that
jurisdiction.
About Gauzy
Gauzy Ltd. is a fully-integrated light and vision control
company, focused on the research, development, manufacturing, and
marketing of vision and light control technologies that are
developed to support safe, sustainable, comfortable, and agile user
experiences across various industries. Headquartered in Tel Aviv,
Israel, the Company has additional subsidiaries and entities based
in Germany, France, the United States, Canada, China, Singapore,
and Dubai. Gauzy serves leading brands in over 30 countries through
direct fulfillment and a certified and trained distribution
channel.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. In
particular, statements using words such as “may,” “seek,” “will,”
“consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,”
“intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,”
“project,” “continue,” “potential,” “guidance,” “objective,”
“outlook,” “trends,” “future,” “could,” “would,” “should,”
“target,” “on track” or their negatives or variations, and similar
terminology and words of similar import, generally involve future
or forward-looking statements. Such forward-looking statements
include, but are not limited to, statements relating to Gauzy’s
gross proceeds from the initial public offering, the expected use
of proceeds from such initial public offering. Forward-looking
statements reflect Gauzy’s current views, plans, or expectations
with respect to future events and financial performance. They are
inherently subject to significant business, economic, competitive,
and other risks, uncertainties, and contingencies. Forward-looking
statements are based on Gauzy’s current expectations and are
subject to inherent uncertainties, risks and assumptions that are
difficult to predict. Further, certain forward-looking statements
are based on assumptions as to future events that may not prove to
be accurate. For a more detailed description of the risks and
uncertainties affecting the Company, reference is made to the
Company’s reports filed from time to time with the SEC, including,
but not limited to, the risks detailed in the Company’s prospectus
(Registration No. 333-278675), dated June [5], 2024 and filed with
the SEC. The inclusion of forward-looking statements in this or any
other communication should not be considered as a representation by
Gauzy or any other person that current plans or expectations will
be achieved. Forward-looking statements speak only as of the date
on which they are made, and Gauzy undertakes no obligation to
publicly update or revise any forward-looking statement, whether as
a result of new information, future developments, or otherwise,
except as otherwise required by law.
Contacts
Media:Brittany Kleiman SwisaGauzy Ltd.press@gauzy.com
Investors:Dan Scott / Rodny Nacier, ICR Inc.ir@gauzy.com
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