Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the
“Company”), a global leader in vision and light control
solutions, announced today the pricing 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 are expected to begin trading on the
Nasdaq Global Market under the symbol “GAUZ” on June 6, 2024. The
offering is expected to close on or about June 7, 2024, subject to
satisfaction of customary closing conditions.
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 is acting as lead book-running manager for the
offering. TD Cowen and Stifel are acting as book-running managers
for the offering. B. Riley Securities is acting as passive
bookrunner for the offering. Beech Hill Securities is acting as
co-manager for the offering.
The offering is being made only by means of a prospectus. Copies
of the final prospectus, when available, 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 is being 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 will be 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
expected gross proceeds from the initial public offering, the
expected use of proceeds from such initial public offering, the
expected date for Gauzy’s ordinary shares to begin trading on the
Nasdaq Global Market and the expected closing of the 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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