Israeli smart glass co Gauzy begins trading on Nasdaq

Published date06 June 2024
AuthorShiri Habib-Valdhorn
Publication titleGlobes (Rishon LeZion, Israel)
The IPO's underwriters hold an option to buy more shares and increase the amount raised by $11.3 million. The underwriters are Barclays, TD Cowen, Stifel, B. Riley Securities, and Beech Hill Securities. Gauzy plans to use the offering proceeds for buying equipment and materials, expansion of its production capacity, R&D, advertising, marketing and more

Gauzy was founded in 2009 by CEO Eyal Peso and its CTO Adrian Lofer. The company has developed technology that allows control of the passage of light through glass. The company is targeting the automobile and aviation markets, but believes its products have the potential to reach additional markets. According to the company, through its technological solutions it replaces traditional mechanical products. The company's headquarters are in Tel Aviv and it also has activities in Germany, France, the US, Canada, China, Singapore and Dubai.

Peso holds shares worth $14.8 million and Lofer has shares worth $5.8 million...

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