Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Cepton Inc. (NASDAQ: CPTN) Hits Wall Street After Successful SPAC Merger; Initial Market Capitalization More Than Doubled Since Last Private Valuation

  • 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…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.