Gauzy Ltd.

General Information
Business:

We are a fully integrated light and vision control company, transforming the way we experience our everyday environments. (Incorporated in Israel)

Our cutting-edge nanotechnology and electronics capabilities in light control, and our mechatronics and image analysis technologies in vision control, are revolutionizing mobility and architectural end-markets. We have established distinct leadership positions across these large and high-growth markets, where our technologies are replacing traditional mechanical products, such as shades, blinds and mirrors, with advanced and sustainable solutions offering superior functionality. Our key products include suspended particle device, or SPD, and liquid crystal, or LC, films for smart glass applications, as well as camera monitoring systems, or CMS, and other advanced driver assistance systems, or ADAS, solutions.

We have established serial production capabilities, either directly or through sub-contracts, with leading aerospace, automotive and architecture companies, including Boeing, Honda, Mercedes, Ford, BMW, and Avery Dennison. We benefit from both secular and regulatory tailwinds that are driving the rapid adoption of light and vision control technologies. In addition to our core markets, we believe that our products may have a multitude of tangible applications in other areas such as railway, maritime, specialty vehicle, private security and consumer appliances.

We aim to deliver a full suite of proprietary technologies that offer superior performance attributes by leveraging our differentiated technical capabilities and market insights, a competitive advantage we maintain through our core research and development and innovation organization. We have a comprehensive product offering with multiple complementary light and vision control technologies, enabling us to provide a full range of solutions for light and vision control across diverse markets, applications and geographies. Our vertically integrated in-house production capabilities enable us to offer our products at various stages in the supply chain based on the specific business needs of our customers. For example, we have the capability to simultaneously sell films to glass fabricators, prefabricated stacks to Tier 1 glass manufacturers and, in certain instances, full window systems to original equipment manufacturers, or OEMs.

Note: Net loss and revenue figures are for the 12 months that ended March 31, 2024.

(Note: Gauzy Ltd. upsized its IPO at pricing to 4.41 million shares – up from 4.17 million shares in the prospectus – and priced the iPO at $17.00 – the bottom of its $17.00-to-$19.00 range – to raise $74.97 million on Wednesday night, June 5, 2024. Background: Gauzy Ltd. disclosed the terms for its IPO in an F-1/A filing dated May 29, 2024: The company will offer 4.17 million shares (4,166,667 shares) at a price range of $17.00 to $19.00 to raise $75.0 million, if priced at the $18.00 mid-point. In that F-1/A filing, Gauzy added B. Riley Securities and Beech Hill Securities as joint book-runners. Gauzy updated its financial statements for the period through March 31, 2024, in the May 29, 2024, filing as well. Background: Gauzy Ltd. filed its F-1 to go public on April 12, 2024, without disclosing terms for its IPO.)

 

Industry: Smart Glass for Aerospace, Automotive & Architecture Industries
Employees: 621
Founded: 2009
Contact Information
Address 14 Hathiya Street, Tel Aviv 6816914, Israel Tel: +972-72-250-0385
Phone Number +972-72-250-0385
Web Address http://www.gauzy.com/
View Prospectus: Gauzy Ltd.
Financial Information
Market Cap $318.93mil
Revenues $85.28 mil (last 12 months)
Net Income $-74.0 mil (last 12 months)
IPO Profile
Symbol GAUZ
Exchange NASDAQ
Shares (millions): 4.4
Price range $17.00 - $17.00
Est. $ Volume $75.0 mil
Manager / Joint Managers Barclays/ TD Cowen/ Stifel/ B. Riley Securities/ Beech Hill Securities
CO-Managers
Expected To Trade: 6/6/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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