LiDAR startup Cepton enters business combination agreement with Growth Capital Acquisition Corp
The transaction with Cepton enables Growth Capital to enter the lidar sector
According to a GlobeNewswire press release dated 5 August, Cepton, a Silicon Valley innovator and leader in high performance MMT lidar solutions, and Growth Capital, a publicly traded special purpose acquisition company, announced that they have entered into a definitive business combination agreement (the “Business Combination Agreement”), as well as related subscription agreements for an agreed-upon price. Following the transaction's completion, the combined company will be renamed "Cepton, Inc." and will be listed on the Nasdaq stock exchange under the new ticker symbol "CPTN."
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