Company: GAUZ
Filing Date: 2025-03-11
Form Type: 20-F
Source: 0001213900-25-022437
Chunk: 151

Company: Gauzy Ltd.
Filing Date: 2025-03-11
Form: 20-F
Item: Item 19
Chunk 151
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LENTS AND RESTRICTED CASH SHOWN IN STATEMENT OF CASH FLOWS                                              $5,734      $         4,705   
  SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:                                                                    
  Conversion of preferred share to Ordinary shares                                                                              $70,537      $         25,769  
  Conversion of CLAs to Ordinary shares                                                                                         $69,570      $         -       
  Exercise of warrants                                                                                                             $444      $         -       
  Reclass of warrants to Additional paid in capital                                                                             $28,225      $         -       
  Right-of-use assets obtained in exchange for lease obligations: Operating leases                                               $1,014      $         5,161   
  SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:                                                                                                           
  Interest paid                                                                                                                  $6,780      $         6,914   
  Interest received                                                                                                                $246      $         -       
  Income taxes paid                                                                                                                $114      $         46      

The accompanying notes are an integral part
of these consolidated financial statements.

F-8

GAUZY LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(U. S. dollars in thousands, except share and per
share amounts)

NOTE 1 - NATURE OF OPERATIONS:

  Gauzy Ltd. (the “ Company”) was incorporated in Israel in 2009. The Company is engaged in the                                         
  development, manufacturing and supply of technologies for operating and control of complex materials. On June 6, 2024, the Company’s  
  ordinary shares began trading on the NASDAQ Global Market under the symbol “ GAUZ”, see Note 1(b).                                    
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The Company has wholly owned subsidiaries
in the United States of America (the “ U. S. Subsidiary”), in Germany (the “ German Subsidiary”) and in China (the
“ Chinese Subsidiary”), and a branch in South Korea which commenced activity in the fourth quarter of 2024.

On January 26, 2022, the Company obtained
control of Vision Lite SAS, a French société par actions simplifiée which is referred to hereinafter as, “ Vision”.
The Company, Vision and other subsidiaries together defined as - “the Group”. Vision