SEC Comment Letter 0000000000-24-002144 to Gauzy Ltd. (GAUZ)
Gauzy Ltd.
Date: Feb. 26, 2024 · CIK: 0001781446 · Accession: 0000000000-24-002144
AI Filing Summary & Sentiment
Letter
United States securities and exchange commission logo February 26, 2024 Eyal Peso Chief Executive Officer Gauzy Ltd. 14 Hathiya Street Tel Aviv 6816914, Israel Re:Gauzy Ltd. Amendment No. 2 to Draft Registration Statement on Form F-1 Submitted February 13, 2024 CIK No. 0001781446 Dear Eyal Peso: We have reviewed your amended draft registration statement and have the following comments. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to this letter and your amended draft registration statement or filed registration statement, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our January 11, 2024 letter. Amendment No. 2 to Draft Registration on Form F-1 Risk Factors Any significant disruption to our production lines or the failure of our facilities.., page 33 1.We note your disclosure that you have experienced safety incidents "from time to time." Please update this risk factor if safety incidents have materially impacted your operations or financial condition.
FirstName LastNameEyal Peso Comapany NameGauzy Ltd. February 26, 2024 Page 2 FirstName LastName Eyal Peso Gauzy Ltd. February 26, 2024 Page 2 Revenue Backlog, page 78 2.We note the significant increase in your revenue backlog as of the nine months ended September 30, 2023. You define revenue backlog as booked orders based on purchase orders or hard commitments that have not been shipped yet or have been shipped but not yet recognized as revenue. To help us better understand your disclosure, please revise to disclose whether any of the hard commitments included in the estimated backlog have a duration longer than one year. Please also clarify how much of the disclosed backlog is also reflected in deferred revenue. General 3.Please remove the footnote on page 17. Please contact Charles Eastman at 202-551-3794 or Ernest Greene at 202-551-3733 if you have questions regarding comments on the financial statements and related matters. Please contact Erin Donahue at 202-551-6063 or Evan Ewing at 202-551-5920 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing
Show Raw Text
United States securities and exchange commission logo
February 26, 2024
Eyal Peso
Chief Executive Officer
Gauzy Ltd.
14 Hathiya Street
Tel Aviv 6816914, Israel
Re:Gauzy Ltd.
Amendment No. 2 to Draft Registration Statement on Form F-1
Submitted February 13, 2024
CIK No. 0001781446
Dear Eyal Peso:
We have reviewed your amended draft registration statement and have the following
comments.
Please respond to this letter by providing the requested information and either submitting
an amended draft registration statement or publicly filing your registration statement on
EDGAR. If you do not believe a comment applies to your facts and circumstances or do not
believe an amendment is appropriate, please tell us why in your response.
After reviewing the information you provide in response to this letter and your amended
draft registration statement or filed registration statement, we may have additional
comments. Unless we note otherwise, any references to prior comments are to comments in our
January 11, 2024 letter.
Amendment No. 2 to Draft Registration on Form F-1
Risk Factors
Any significant disruption to our production lines or the failure of our facilities.., page 33
1.We note your disclosure that you have experienced safety incidents "from time to
time." Please update this risk factor if safety incidents have materially impacted your
operations or financial condition.
FirstName LastNameEyal Peso
Comapany NameGauzy Ltd.
February 26, 2024 Page 2
FirstName LastName
Eyal Peso
Gauzy Ltd.
February 26, 2024
Page 2
Revenue Backlog, page 78
2.We note the significant increase in your revenue backlog as of the nine months ended
September 30, 2023. You define revenue backlog as booked orders based on purchase
orders or hard commitments that have not been shipped yet or have been shipped but not
yet recognized as revenue. To help us better understand your disclosure, please revise to
disclose whether any of the hard commitments included in the estimated backlog have a
duration longer than one year. Please also clarify how much of the disclosed backlog is
also reflected in deferred revenue.
General
3.Please remove the footnote on page 17.
Please contact Charles Eastman at 202-551-3794 or Ernest Greene at 202-551-3733 if
you have questions regarding comments on the financial statements and related matters. Please
contact Erin Donahue at 202-551-6063 or Evan Ewing at 202-551-5920 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing