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GAUZ — Gauzy News Story

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Brief: Gauzy Announces Court-Approved Resolution Of Legacy Debt Following 98.96% Creditor Vote

BRIEF-Gauzy Announces Court-Approved Resolution Of Legacy Debt Following 98.96% Creditor Vote

- Gauzy Ltd GAUZ.O:

  • GAUZY ANNOUNCES COURT-APPROVED RESOLUTION OF LEGACY DEBT FOLLOWING OVERWHELMING 98.96% CREDITOR VOTE, INCLUDING 100% OF SECURED LENDERS

  • GAUZY - RECEIVES $7 MILLION EQUITY INVESTMENT COMMITMENT LED BY MANAGEMENT

  • GAUZY - TO PAY ABOUT $18 MILLION INTO SETTLEMENT FUND OVER 72 MONTHS STARTING APRIL 1, 2027

  • GAUZY - POST-SETTLEMENT GAUZY OWNERSHIP: MANAGEMENT 50%, CREDITORS 20%, EXISTING SHAREHOLDERS 30%

Source text: ID:nGNXC6RzV

Further company coverage: GAUZ.O


((Reuters.Briefs@thomsonreuters.com;))

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