Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cepton, Inc. (NasdaqCM: CPTN) to Koito Manufacturing Co., Ltd. (OTC: KOTMF). Under the terms of the proposed transaction, shareholders of Cepton will receive $3.17 in cash for each share of Cepton that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Cepton (NASDAQ: CPTN) shared updates for Q3 2024, highlighting advancements in its lidar technology commercialization, with a major long-range lidar RFQ in final stages with a Top 10 global automotive OEM. Cepton’s CEO, Jun Pei, noted the company’s solid positioning in the automotive lidar market, strengthened by a pending acquisition by Koito Manufacturing Co. Ltd. and continued development with OEMs for near-range lidar. The acquisition, set at $3.17 per share in an all-cash transaction, is anticipated to close in early 2025, subject to shareholder and regulatory approvals. For Q3, Cepton reported $0.5 million in revenue, with a GAAP net loss of $10.6 million and an adjusted EBITDA of $(8.0) million.

Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the third quarter ended September 30, 2024.

NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

BALA CYNWYD, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Cepton, Inc. (“Cepton” or “the Company”) (NASDAQ: CPTN) for potential breaches of fiduciary duty on the part of its directors and management.

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cepton, Inc. (NASDAQ: CPTN) to KOITO MANUFACTURING CO., LTD. for $3.17 per share in cash is fair to Cepton shareholders.

NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its business and financial results for the second quarter ended June 30, 2024. Highlights of the report included the signing of an agreement and plan of merger for the acquisition by Koito Manufacturing Co. Ltd. (“Koito”), the completion of key milestones in an engineering services contract with Koito, continued final sourcing discussions with a top 10 global automotive OEM and continued RFQ first-round discussions with a top 3 global automotive OEM. The report also noted the execution of Ultra long-range lidar B-sample demonstrations and RFI/RFQ discussions with global OEMs and the launch of the Cepton simulator StudioViz to accelerate OEM lidar adoption. Second-quarter revenue reached $10.4 million, compared to $2.8 million for Q2 2023 and $1.9 million in the previous sequential quarter.

Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced its business updates and financial results for the second quarter ended June 30, 2024.

NEW YORK, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cepton, Inc. (NasdaqCM: CPTN) to Koito Manufacturing Co., Ltd. (OTC: KOTMF). Under the terms of the proposed transaction, shareholders of Cepton will receive $3.17 in cash for each share of Cepton that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, is announcing the signing of a definitive agreement. The agreement provides for the acquisition of Cepton by Koito Manufacturing Co. Ltd. (TSE: 7276), a leading automotive tier one supplier. Specifically, Koito will acquire all the outstanding capital stock of Cepton not owned by itself in an all-cash transaction, with Cepton stockholders receiving $3.17 per share in cash. According to the announcement, the proposed transaction has been approved by each company’s Board of Directors and recommended to Cepton’s stockholders by Cepton’s Board of Directors. It is expected to close in the first quarter of 2025, subject to approvals. The proposed transaction is anticipated to accelerate the commercialization of Cepton’s lidar technology by increasing the company’s financial stability and scalability. After the transaction closes, Cepton will operate as a privately held indirect subsidiary of Koito in the U.S. The announcement noted that Cepton and Koito have partnered since 2017 to industrialize high-performance lidar solutions for mass-market automotive, smart infrastructure and industrial applications. “I am excited about the next stage of Cepton’s growth as we embark on a new journey together with Koito,” said Dr. Jun Pei, CEO and Co-Founder of Cepton. “Over the past few years, we have achieved many remarkable milestones in product innovation and development, establishing ourselves as one of the most trusted lidar solutions providers in the automotive industry. A significant portion of our efforts were greatly supported by Koito as our long-term partner and investor. As we carry on our pioneering spirit as a Silicon Valley company and deepen our commitment to driving cutting-edge innovation, leaning on Koito’s century-old heritage of engineering rigor will heighten our dedication to delivering quality solutions to customers worldwide.”

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Cepton, Inc. (NASDAQ: CPTN) to KOITO MANUFACTURING CO., LTD. for $3.17 per share in cash is fair to Cepton shareholders.

Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has signed a definitive agreement (the “Agreement”) providing for the acquisition by KOITO MANUFACTURING CO., LTD. (“Koito”) (TSE: 7276), a leading automotive tier one supplier, of all of the outstanding capital stock of the Company not owned by Koito for $3.17 per share in an all-cash transaction.

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, is reporting its financial results for Q1 2024, the period ended March 31, 2024; the company also shared business updates. Highlights of the report include securing a new series production award for its near-rage lidar with a global original equipment manufacturer (“OEM”) covering a multiyear period; signing an engineering services contract with partner Koito for approximately $10 million in fees to support execution and product development for the new OEM series production award during Q2 2024; final submission to a top 10 global automotive OEM for an RFQ for long-range lidar; and first submission for an RFQ from a top 3 global automotive OEM for both long-range and near-range lidar. In addition, the company achieved B sample for the Cepton Ultra, its next generation of high-performance, long-range lidar with the smallest form factor in the industry to date and fully integrated MagnoSteer(TM) into Ultra B samples while also launching StudioViz(TM), its proprietary end-to-end lidar simulation platform. Financial numbers include Q1 2024 total revenue of $1.9 million, consisting of $1.1 million product revenue and $0.8 million development revenue, a 31% increase compared to $1.5 million in the same period of 2023; Q1 2024 GAAP net loss of $6.8 million, or $(0.43) per share, basic and diluted with Q1 2024 Non-GAAP net loss coming in at $8.3 million, or $(0.52) per share, basic and diluted; and Adjusted EBITDA for the quarter coming in at $(8.9) million. The company noted it projects full-year 2024 revenue to be between $15 to $25 million with full-year operating expenses expected to be below $50 million. “We started fiscal year 2024 with strong results in our commercial activities, securing a new series production award along with our tier 1 partner, Koito, from a global OEM for our near-range lidar,” said Cepton cofounder and CEO Jun Pei in the press release. “We believe we have positioned ourselves as a leader in industrializing lidar for the automotive market.”

Cepton, Inc. (“Cepton”) (Nasdaq ticker: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, today announced business updates and financial results for the first quarter 2024 ended March 31, 2024.

Cepton (NASDAQ: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has entered a contract with Koito Manufacturing to jump-start the execution of a new original equipment manufacturing (“OEM”) program, which the two companies have secured. The two companies have worked together as tier 1 partners, and Koito is a shareholder of Cepton. The engineering services agreement calls for Koito to provide Cepton with a total of $10 million in engineering services for the quarter ended June 30, 2024. The announcement noted that the agreement will support Cepton’s customer-specific product-development and program execution efforts for its near-range lidar; the companies plan to deploy lidar in the OEM program. “This engagement with Koito comes at a crucial juncture as Cepton prepares to fulfill our new OEM program,” said Cepton CEO and cofounder Dr. Jun Pei in the press release. “We are thrilled to deepen our partnership with Koito to advance scalable lidar adoption for safety-critical automotive use cases. This exemplifies Cepton and Koito’s shared vision of paving the way to safely deployed autonomy.”

Cepton, Inc. (“Cepton” or the “Company”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions for automotive and smart infrastructure applications, has announced today that it has signed a significant Engineering Services Agreement (the “Agreement”) with its long-term automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. (“Koito”) (TSE: 7276) on May 9, 2024.