Gauzy proposes Israeli debt settlement offering 100% creditor recovery via exit or profit-share tracks
GAUZ•Approval process remains pending
The plan requires creditor votes exceeding 51% by number and 75% by value, then court confirmation. It remained pending.
$7 million PIPE tied to settlement approval
A binding term sheet covers a $7 million PIPE, led by CEO Eyal Peso, contingent on the settlement’s approval or court confirmation.
PIPE proceeds are earmarked for interim creditor payments, employee wage arrears within 30 days of funding, working capital, fees, and $1 million salary financing repayment.
Proposed debt settlement targets full creditor repayment
Gauzy filed a proposed debt settlement in Tel Aviv under Israel’s Insolvency and Economic Rehabilitation Law, targeting full repayment of allowed creditor claims.
Senior secured claims would be repaid either on an exit event above $330 million or via 25% of annual net profit until repaid.
