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Gauzy Ltd. Announces Changes to Management and Board of Directors
GAUZY LTD
Mon, January 26, 2026 at 5:05 PM CST 8 min read
Company Provides Update on Financial Position and Receives $50 Million Equity Line of Credit Proposal From Existing Shareholder
TEL AVIV, Israel, Jan. 26, 2026 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control technologies, today announced changes to its management and Board of Directors and provided an update regarding its liquidity, financial position, and ongoing operations.
The Company announced that Meir Peleg, Gauzy’s Chief Financial Officer, has notified the Company of his decision to resign from his position. Mr. Peleg has agreed to remain in his role as Chief Financial Officer until no later than April 10, 2026, to assist in stabilizing the Company and to ensure a smooth transition to the Interim CFO. Dan Oshri, Gauzy’s current Executive Vice President of Finance, previously Finance Manager at Chevron Mediterranean Ltd. (Formerly Noble Energy Mediterranean Ltd.), has been appointed Interim Chief Financial Officer at Gauzy, effective upon Mr. Peleg’s departure. In this role, Mr. Oshri will continue to work closely with the Board of Directors and management team to support the Company’s liquidity initiatives, financial operations, and ongoing efforts to stabilize the business and evaluate strategic and financing alternatives.
In addition, Lilach Payorski and Alexander Babitsky, members of the Company’s Board of Directors, have stepped down from the Board. The Company expects to strengthen its Board of Directors with highly skilled and experienced independent individuals to support its plans in the near and long term.
Eyal Peso, Co-Founder and Chief Executive Officer of Gauzy, commented:
“I would like to thank Meir for his leadership and contributions to Gauzy over the past eight years, including his stewardship during a complex and challenging period for the Company, and for his commitment to supporting a smooth and orderly transition. Additionally, having worked closely with Dan, I have confidence that he will provide strong financial leadership during this interim period, continuing to support in continuity, discipline, and focus as the Company executes on its strategic and operational priorities.”
“I also want to thank Lilach and Alexander for their service and guidance as members of our Board of Directors. We are grateful for their contributions and wish them continued success in their future endeavors.”
Meir Peleg, Gauzy’s Chief Financial Officer, added:
“It has been an honor to serve as CFO of Gauzy for the past eight years. I’m proud of what we accomplished as a team—from strengthening our global financial infrastructure and controls to leading the Company through its IPO and the transition to life as a Nasdaq-listed public company. I sincerely appreciate the support, guidance, and professional development I have received while working with Eyal, the leadership team, and the broader organization, and I remain fully committed to helping ensure a smooth transition in the months ahead.”
Additionally, in order to manage recent liquidity challenges and operational constraints that have impacted the business of late, on January 23, 2026, the Company entered into a term sheet with an existing shareholder for a $50 million equity line of credit facility in order to support the Company’s operations. Under the proposed terms, the Company would have the right, but not the obligation, to draw down funds at its sole discretion over a 36-month period following SEC effectiveness of a Form F-1 registration statement.
The Company intends to file a Form F-1 registration statement with the U.S. Securities and Exchange Commission in connection with the proposed facility. The equity line of credit facility remains subject to negotiation of definitive agreements, SEC effectiveness of the registration statement, and satisfaction of customary closing conditions. There can be no assurance that the proposed facility will be completed on the terms described, or at all. |
