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Nasdaq warns Gauzy (NASDAQ: GAUZ) on late 20-F and bid price issues

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Gauzy Ltd. reported that Nasdaq has notified the company it is not in compliance with Nasdaq Listing Rule 5250(c)(1) because its Annual Report on Form 20-F for the year ended December 31, 2025 has not yet been filed with the SEC. The notice does not immediately affect the listing or trading of Gauzy’s ordinary shares, but the company will appear on Nasdaq’s public list of non-compliant issuers and carry a non-compliance indicator in market data. Gauzy has 60 calendar days from the May 19, 2026 notice, until July 20, 2026, to submit a plan to regain compliance, and Nasdaq may grant up to 180 days from the original due date, until November 11, 2026, to cure the deficiency. The company was already previously notified of non-compliance with Nasdaq’s minimum bid price requirement, and failure to regain compliance with listing standards could lead to delisting. Gauzy states it is working to complete the 2025 Form 20-F and intends to submit a compliance plan within the prescribed period, and that the notice does not affect its business operations or strategic initiatives.

Positive

  • None.

Negative

  • Heightened Nasdaq listing risk: Gauzy has received a Nasdaq notice for late filing of its 2025 Form 20-F, on top of an existing minimum bid price deficiency, and its shares may be delisted if it does not regain compliance within the specified cure periods.

Insights

Nasdaq non-compliance raises listing risk if Gauzy misses cure deadlines.

Gauzy Ltd. now faces Nasdaq non-compliance on two fronts: a delayed 2025 Form 20-F and a previously disclosed minimum bid price deficiency. The new notice adds regulatory pressure without yet changing how the shares trade.

Under Nasdaq rules, Gauzy has 60 days from the May 19, 2026 notice to submit a remediation plan and could receive up to 180 days from the original due date to file the 20-F. If Nasdaq rejects the plan, Gauzy can appeal to a Hearing Panel.

The company says operations and strategy are unaffected and that it intends to file the 20-F and submit a plan within required timeframes. However, if it fails to regain compliance within any cure period, its securities become subject to delisting, which would materially affect trading liquidity and investor access.

Plan submission window 60 calendar days Time from May 19, 2026 Nasdaq notice to submit compliance plan, until July 20, 2026
Maximum cure period 180 calendar days Potential extension from original due date of 2025 Form 20-F, until November 11, 2026
Notice date May 19, 2026 Date Nasdaq notified Gauzy of non-compliance with Listing Rule 5250(c)(1)
Press release date May 26, 2026 Date Gauzy publicly announced receipt of the Nasdaq notice
Nasdaq Listing Rule 5250(c)(1) regulatory
"notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Annual Report"
Nasdaq Listing Rule 5250(c)(1) requires companies listed on the Nasdaq stock exchange to promptly notify the exchange if their stock price falls below a certain minimum level, known as the "initial listing standards." This rule helps ensure that investors are aware of significant declines in a company's stock value, which could signal financial trouble or increased risk. Essentially, it helps maintain transparency and protect investors by keeping them informed about important changes in a company's stock performance.
minimum bid price requirement regulatory
"previously disclosed letter regarding the Company’s non-compliance with Nasdaq’s continued listing standards related the Company’s non-compliance with the minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
continued listing standards regulatory
"letter regarding the Company’s non-compliance with Nasdaq’s continued listing standards related the Company’s non-compliance with the minimum bid price requirement"
Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.
Hearing Panel regulatory
"the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a)"
A hearing panel is a small group of officials from a stock exchange, regulator or independent adjudicatory body that listens to evidence and arguments about rule breaches, disciplinary actions, listing eligibility or market disputes. Like a neighborhood board deciding whether a property meets community rules, the panel’s rulings can impose fines, trading suspensions or delisting, which can directly affect a company’s share price, liquidity and investor confidence.
redressement judiciaire regulatory
"statements regarding the French court-supervised reorganization proceedings (redressement judiciaire), the call for public tenders and related process"
A redressement judiciaire is a French court-ordered process that kicks in when a company can no longer pay its bills; the court pauses demands from people the company owes, appoints oversight, and allows time to reorganize operations and renegotiate debts so the business can try to survive. For investors, it’s important because the process determines whether stockholders or lenders recover value—similar to hitting pause and rebuilding instead of selling everything off immediately.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of May 2026

 

Commission file number: 001-42124

 

GAUZY LTD.

(Translation of registrant’s name into English)

 

14 Hathiya Street

Tel Aviv, Israel

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

 

CONTENTS

 

Nasdaq Notification Regarding Delayed Filing of Annual Report on Form 20-F

 

On May 19, 2026, Gauzy Ltd. (the “Company”) received a letter (the “Nasdaq Letter”) from the staff at Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the “2025 Form 20-F”) with the U.S. Securities and Exchange Commission (“SEC”). The Nasdaq Letter does not result in the immediate delisting and has no current effect on the listing or trading of the Company’s ordinary shares.

 

Under Nasdaq’s listing rules, the Company has 60 calendar days from the date of the notice, or until July 20, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the 2025 Form 20-F, or until November 11, 2026, for the Company to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company fails to timely regain compliance with Nasdaq’s listing rules, the securities of the Company will be subject to delisting.

 

The Company is actively working to complete and file the 2025 Form 20-F as soon as practicable and intends to submit its compliance plan within the prescribed timeframe. The notice does not affect the Company’s business operations or strategic initiatives. However, there can be no assurance that the Company will be able to file the 2025 Form 20-F within any applicable cure period.

 

On May 26, the Company issued a press release announcing the above-referenced matters. A copy of this press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information in this Report on Form 6-K (this “Report”), including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.

 

1

 

 

Cautionary Statement Regarding Forward-Looking Statements

 

This Report contains forward-looking statements. Forward-looking statements contained in this Report 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 including, without limitation, the following: Gauzy’s ability to meet stock exchange continued listing standards and remain listed on Nasdaq; statements regarding the French court-supervised reorganization proceedings (redressement judiciaire), the call for public tenders and related process, and the timing and potential outcomes of that process; Gauzy’s ability to secure funding in order to maintain and support its operations; the outcome of the insolvency proceedings commenced in France and the overall impact they may have on the Company’s operations and financial condition; Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 11, 2025. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. 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.

 

Exhibit Index

 

Exhibit No.   Description
     
99.1   Press Release dated May 26, 2026

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GAUZY LTD.
   
Date: May 26, 2026 By: /s/ Eyal Peso
  Name:  Eyal Peso
  Title: Chief Executive Officer

 

3

Exhibit 99.1

 

Gauzy Ltd. Announces Receipt of Nasdaq Notice Regarding Delayed Filing of Annual Report on Form 20-F

 

No Immediate Impact on Nasdaq Listing or Trading; Company Intends to Submit Compliance Plan Within Prescribed Period

 

TEL AVIV, Israel – May 26, 2026 – Gauzy Ltd. (NASDAQ: GAUZ) (“Gauzy” or the “Company”), a global leader in vision and light control technologies, today announced that on May 19, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the Company’s delay in filing its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 (the “2025 Form 20-F”) with the U.S. Securities and Exchange Commission (“SEC”). The Letter is in addition to the previously disclosed letter regarding the Company’s non-compliance with Nasdaq’s continued listing standards related the Company’s non-compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1).

 

The notice has no immediate effect on the listing or trading of the Company’s ordinary shares, which will continue to trade on Nasdaq under the ticker symbol “GAUZ.” However, the Company will be included in Nasdaq’s public list of non-compliant companies, and a non-compliance indicator will be broadcast over Nasdaq’s market data dissemination network.

 

Under Nasdaq’s listing rules, the Company has 60 calendar days from the date of the notice, or until July 20, 2026, to submit a plan to regain compliance. If Nasdaq accepts the Company’s plan, Nasdaq may grant an exception of up to 180 calendar days from the original due date of the 2025 Form 20-F, or until November 11, 2026, for the Company to regain compliance. If Nasdaq does not accept the Company’s plan, the Company will have the opportunity to appeal that decision to a Hearing Panel under Nasdaq Listing Rule 5815(a). If the Company fails to timely regain compliance with Nasdaq’s listing rules, the securities of the Company will be subject to delisting on Nasdaq.

 

The Company is actively working to complete and file the 2025 Form 20-F as soon as practicable and intends to submit its compliance plan within the prescribed timeframe. The notice does not affect the Company’s business operations or strategic initiatives. However, there can be no assurance that the Company will be able to file the Form 20-F within any applicable cure period.

 

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 60 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 including, without limitation, the following: Gauzy’s ability to meet stock exchange continued listing standards and remain listed on Nasdaq; statements regarding the French court-supervised reorganization proceedings (redressement judiciaire), the call for public tenders and related process, and the timing and potential outcomes of that process; Gauzy’s ability to secure funding in order to maintain and support its operations; the outcome of the insolvency proceedings commenced in France and the overall impact they may have on the Company’s operations and financial condition; Gauzy invests significant effort and capital seeking validation of its light and vision control products with OEMs and Tier 1 suppliers, mainly in the aeronautics and automobile markets, and there can be no assurance that it will win production models, which could adversely affect its future business, results of operations and financial condition; failure to make competitive technological advances will put Gauzy at a disadvantage and may lead to a negative operational and financial outcome; Gauzy being an early growth-stage company with a history of losses and its anticipation that it expects to continue to incur significant losses for the foreseeable future; its operating results and financial condition have fluctuated in the past and may fluctuate in the future; it is exposed to high repair and replacement costs; it may not be able to accurately estimate the future supply and demand for its light and vision control products, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue; if it fails to accurately predict its manufacturing requirements, it could incur additional costs or experience delays; the estimates and forecasts of market opportunity and market growth it provides may prove to be inaccurate, and it cannot assure that its business will grow at similar rates, or at all; it may be unable to adequately control the capital expenditures and costs associated with its business and operations; it may need to raise additional capital before it can expect to become profitable from sales of its light and vision control products, which such additional capital may not be available on acceptable terms, or at all, and failure to obtain this necessary capital when needed may force it to delay, limit or terminate its product development efforts or other operations; shortages in supply, price increases or deviations in the quality of the raw materials used to manufacture its products could adversely affect its sales and operating results; its business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by the ongoing conflict between Russia and Ukraine; it is subject to, and must remain in compliance with, numerous laws and governmental regulations across various countries concerning the manufacturing, use, distribution and sale of its light and vision control products, and some of its customers also require that it complies with other unique requirements relating to these matters; if it is unable to obtain, maintain and protect effective intellectual property rights for its products throughout the world, it may not be able to compete effectively in the markets in which it operates; the market price of its ordinary shares may be volatile or may decline steeply or suddenly regardless of its operating performance, and it may not be able to meet investor or analyst expectations; its indebtedness could adversely affect its ability to raise additional capital to fund operations, limit its ability to react to changes in the economy or its industry and prevent it from meeting its financial obligations; it has limited operating experience as a publicly traded company in the United States; conditions in Israel could materially and adversely affect its business; and any other risks and uncertainties, including, but not limited to, the risks and uncertainties in the Company’s reports filed from time to time with the SEC, including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 11, 2025. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. 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:

Amanda Yevdaev, EVP Marketing

Gauzy Ltd.

PR@gauzy.com

 

 

 

 

FAQ

Why did Gauzy Ltd. (GAUZ) receive a Nasdaq non-compliance notice?

Gauzy received the notice because it has not yet filed its Annual Report on Form 20-F for the year ended December 31, 2025. Nasdaq Listing Rule 5250(c)(1) requires timely filing of periodic reports with the SEC, and the delay triggered non-compliance.

Does the Nasdaq notice immediately affect trading of Gauzy (GAUZ) shares?

The notice has no immediate effect on the listing or trading of Gauzy’s ordinary shares, which continue to trade on Nasdaq under the ticker GAUZ. However, the company will appear on Nasdaq’s public non-compliant list, with a non-compliance indicator in market data feeds.

How long does Gauzy (GAUZ) have to regain compliance with Nasdaq rules?

Gauzy has 60 calendar days from the May 19, 2026 notice, until July 20, 2026, to submit a compliance plan. If Nasdaq accepts that plan, it may grant up to 180 days from the 2025 Form 20-F’s original due date, until November 11, 2026, to regain compliance.

What happens if Gauzy Ltd. (GAUZ) cannot file its 2025 Form 20-F in time?

If Gauzy fails to timely file its 2025 Form 20-F and regain compliance within any allowed cure period, its securities will be subject to delisting from Nasdaq. The company could appeal an adverse decision to a Nasdaq Hearing Panel under Listing Rule 5815(a).

Is Gauzy (GAUZ) facing any other Nasdaq listing deficiencies?

Yes. The company states the new notice is in addition to a previously disclosed Nasdaq letter about non-compliance with continued listing standards related to the minimum bid price requirement under Nasdaq Listing Rule 5450(a)(1). Both issues must be resolved to maintain listing.

How does Gauzy plan to address the Nasdaq non-compliance notice?

Gauzy says it is actively working to complete and file its 2025 Form 20-F as soon as practicable. It also intends to submit a plan within the prescribed 60-day period, aiming to secure Nasdaq’s acceptance and any available extension to cure the deficiency.

Filing Exhibits & Attachments

1 document