Gauzy Ltd. Announces Purchases of Gauzy Shares by CEO, Other Senior Executives and Key Long-Term Investor

Rhea-AI Summary

Gauzy (Nasdaq: GAUZ), a global leader in vision and light control solutions, has announced significant share purchases by key company figures. CEO Eyal Peso, CTO Adrian Lofer, CFO Meir Peleg, and long-term investor Alejandro Weinstein collectively acquired 48,472 ordinary shares at an average price of $10.35 per share, totaling a $501,400 investment.

These open market purchases occurred during August and September 2024. CEO Peso emphasized that this investment demonstrates the leadership's strong belief in Gauzy's vision and potential. He highlighted the company's robust orderbook, pipeline of new technologies, and expanding market presence as indicators of continued success.

Positive

• Key executives and a long-term investor purchased 48,472 shares, showing confidence in the company
• Total investment of $501,400 at an average price of $10.35 per share
• CEO reports a strong orderbook and pipeline of new technologies
• Company has an expanding market presence

Negative

• None.

Insights

Financial Analyst

The recent share purchases by Gauzy's top executives and a key investor are a positive signal for the company's prospects. With an aggregate investment of $501,400 at an average price of $10.35 per share, these insiders are demonstrating confidence in Gauzy's future. This move often indicates that those with intimate knowledge of the company's operations believe the stock is undervalued.

However, it's important to note that the total investment, while significant, represents a relatively small portion of the company's market capitalization. Investors should consider this alongside other financial metrics and market conditions before making investment decisions. The mention of a strong orderbook and pipeline of new technologies suggests potential for future growth, but concrete financial data would be needed to fully assess the company's position.

Market Research Analyst

The insider buying at Gauzy could potentially spark increased investor interest in the vision and light control solutions sector. This niche market has been gaining traction due to advancements in smart glass technologies and their applications in automotive, architectural and consumer electronics industries. Gauzy's mention of an expanding market presence aligns with broader industry trends.

However, it's important to contextualize this news within the larger market dynamics. Investors should look at competitive landscape, regulatory environment and technological advancements in the field to gauge Gauzy's long-term prospects. The company's ability to capitalize on its "exciting new technologies" and convert its strong orderbook into sustainable revenue growth will be critical factors to watch in the coming quarters.

TEL AVIV, Israel, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gauzy Ltd. (Nasdaq: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control solutions, today announced Eyal Peso, Co-Founder and Chief Executive Officer; Adrian Lofer, Co-Founder and Chief Technology Officer; Meir Peleg, Chief Financial Officer; and pre-IPO Gauzy Board member and long-term investor Alejandro Weinstein have acquired an aggregate of 48,472 Gauzy ordinary shares. The purchases, made at an average price of $10.35/share, for a total investment of $501,400, were made through open market purchases during the months of August and September 2024.

“This investment by core current and former leaders of Gauzy underscores our unwavering commitment and belief in our company’s vision and potential,” Mr. Peso stated. “Our strong orderbook, pipeline of exciting new technologies and expanding market presence position us well for continued success. We are excited about our future and the opportunity to increase our ownership stake in Gauzy at attractive levels.”

About Gauzy

Gauzy Ltd. is a fully-integrated light and vision control company, focused on the research, development, manufacturing, and marketing of vision and light control technologies that are developed to support safe, sustainable, comfortable, and agile user experiences across various industries. Headquartered in Tel Aviv, Israel, the company has additional subsidiaries and entities based in Germany, France, the United States, Canada, China, Singapore, and the United Arab Emirates. Gauzy serves leading brands across aeronautics, automotive, and architecture in over 30 countries through direct fulfillment and a certified and trained distribution channel.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements regarding Gauzy’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements reflect Gauzy’s current views, plans, or expectations with respect to future events and financial performance. They are inherently subject to significant business, economic, competitive, and other risks, uncertainties, and contingencies. Forward-looking statements are based on Gauzy’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s prospectus (Registration No. 333-278675), dated June 5, 2024 and filed with the SEC. The inclusion of forward-looking statements in this or any other communication should not be considered as a representation by Gauzy or any other person that current plans or expectations will be achieved. Forward-looking statements speak only as of the date on which they are made, and Gauzy undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as otherwise required by law.

Contacts

Media:
Brittany Kleiman Swisa
Gauzy Ltd.
press@gauzy.com

Investors:
Dan Scott, ICR Inc.
ir@gauzy.com

FAQ

How many Gauzy (GAUZ) shares were purchased by company executives and investors?

Company executives and a key investor purchased an aggregate of 48,472 Gauzy ordinary shares.

What was the total value of the Gauzy (GAUZ) share purchases announced in September 2024?

The total value of the share purchases was $501,400, with an average price of $10.35 per share.

Who were the key individuals involved in purchasing Gauzy (GAUZ) shares in August and September 2024?

The key individuals were CEO Eyal Peso, CTO Adrian Lofer, CFO Meir Peleg, and pre-IPO Board member and long-term investor Alejandro Weinstein.

What reasons did Gauzy's CEO give for the insider share purchases of GAUZ stock?

CEO Eyal Peso stated that the purchases demonstrate their commitment and belief in the company's vision and potential, citing a strong orderbook, pipeline of new technologies, and expanding market presence.