By Elias Schisgall

Gauzy shares slid to their lowest point in a year after the company postponed the release of its third-quarter financial results, citing insolvency proceedings for multiple of its subsidiaries in French court.

Shares of the Israeli glass and lighting technology company were trading at $2.80, down 30%, after hitting a new 52-week low of $1.98 earlier in the session. The stock has fallen 72% year to date.

The Commercial Court in Lyon ordered insolvency proceedings for three Gauzy subsidiaries based in France on Thursday, appointing two administrators and a creditor representative to ensure the firms repay their creditors, Gauzy said.

Gauzy said Friday it would delay the release of its third-quarter earnings, initially scheduled for that morning. It said it was collaborating with the court-appointed French administrators to resolve the matter.

"We fundamentally disagree with this decision, which we believe is unwarranted, and plan to appeal as soon as possible," Gauzy Chief Executive Officer Eyal Peso said, adding that the company had invested more than $50 million into its French operations.

The company said it was working with its subsidiaries to ensure they're able to repay their debts. It said it would give an update on the timing of its earnings release "as soon as practical."

The stock was paused briefly Friday morning due to volatility.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

November 14, 2025 11:49 ET (16:49 GMT)

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