Gauzy Delays Earnings Release After French Court Orders Insolvency Proceedings For Subsidiaries, Vows To Appeal French Ruling As It Works To Keep Business Running Smoothly

Gauzy Ltd. (NASDAQ:GAUZ) ("Gauzy" or the "Company"), a global leader in vision and light control technologies, today shared that it will not be releasing its financial results for the third quarter of 2025 on November 14 as previously planned. This postponement is unrelated to Gauzy's third quarter performance. The Company will update the timing of release of its financial results as soon as practical.

The reason for the delay is that, during a hearing held on November 13, 2025, the Commercial Court of Lyon, France, ordered the commencement of French law insolvency proceedings ("Redressement Judiciaire") relating to three subsidiaries of Gauzy located in France. As is customary in such proceedings, the court ordered the appointment of two administrators and a creditor representative, responsible for advising the Company's three subsidiaries in these proceedings. The Company strongly disagrees with the French court's ruling and plans to have its subsidiaries appeal the decision of the court as soon as possible, while concurrently working collaboratively with the French administrators to quickly resolve the matter. The Company and its subsidiaries plan to continue normal operations as they seek to meet customer demand.

Eyal Peso, Co-founder and CEO, commented, "Over the last three and a half years Gauzy has invested over $50 million in our people, assets, and operations in France. We fundamentally disagree with this decision, which we believe is unwarranted, and plan to appeal as soon as possible. Gauzy has immediately started working with the court appointed administrators to resolve this matter while ensuring business continuity for its employees, customers, and other valued stakeholders."

Background of Proceedings

Redressement Judiciaire are French insolvency proceedings aimed at preserving a company's business and operations, maintaining employment and repaying creditors while allowing for a plan to enable its recovery.

Gauzy plans to have its subsidiaries appeal the decision to the Court of Appeal of Lyon as soon as possible and is currently working to ensure its subsidiaries have the financial means to meet their debts as they become due. However, pending this appeal, the insolvency proceedings will continue.  

Gauzy remains committed to complete transparency, and as such will provide updated information on these proceedings as soon as more information is available.