- Cepton makes public debut after completing business combination with GCAC; appears on track to deliver on its vision to expand leading market position and drive value for stakeholders
- With initial market capitalization of around $1.4 billion, Cepton more than doubled its last private valuation of $615 million
- Company has grand plans for future; aims to be the one to extend LiDAR technology adoption from the luxury sector to mainstream
Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance MMT(R) LiDAR solutions, made its Wall Street debut on February 11, 2022, following the successful completion of its previously announced business combination with Growth Capital Acquisition Corp. (“GCAC”), a Delaware special purpose acquisition company (or SPAC). The combined company has been renamed Cepton, Inc. with common stocks and warrants trading on the Nasdaq Capital Market under the ticker symbols “CPTN” and “CPTNW”, respectively. It will continue to be led by the current Cepton management team, including Dr. Jun Pei, Cepton’s Co-Founder and CEO, bolstered by George Syllantavos, co-CEO of GCAC, who will serve as a director of Cepton (https://ibn.fm/bAZnC).
“Today is a special milestone for Cepton,” stated Dr. Jun Pei, Cepton’s Co-Founder and CEO. “We founded Cepton with the goal of enabling safe and autonomous transportation for everyone, and today’s announcement is another step in…
NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN
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