GlobeNewswire·Mar 10, 2026, 8:00 AM ET

Gauzy Announces Initiation of a Call for Public Tenders for Buyers or Investors

Gauzy Ltd. announced the initiation of a public tender call for buyers or investors as part of court-supervised reorganization proceedings for three French subsidiaries: Gauzy SAS, Safety Tech, and Vision Systems.
The reorganization proceedings were opened on November 13, 2025, & a notice regarding the tender was published in Les Echos on March 6, 2026.
Operations of the three French subsidiaries continue during the observation period, & management is exploring all options including potential continuation plans.
Interested parties may access an electronic data room by contacting judicial administrators at fhbx-gauzy@fhbx.eu, e.bauland@bcm-aj.com, or e.ribon@bcm-aj.com.
Gauzy appointed Shlomo Bibas, Michael Martin, & Renah Persofsky to its Board of Directors to strengthen governance & support long-term growth.
Shlomo Bibas brings over three decades of technology executive experience, including prior roles as CIO & CTO at global companies like Woodbridge Group & Celestica.
Michael Martin is Co-Founder & COO of Tiberius Aerospace with extensive capital markets experience from his time at Walleye Capital.
Renah Persofsky serves as Executive Chair of Green Gruff Inc. & Vice-Chair of Tilray Brands Inc., offering over four decades of leadership in financial services & emerging technology.
The press release includes a cautionary statement regarding forward-looking statements related to the French insolvency proceedings, Nasdaq listing status, funding needs, & potential financial losses.