Cepton Announces $50M Committed Investment from KOITO

Aug 5, 2021 · (“KOITO”) committed to invest a further $50 million in Cepton’s business. KOITO’s second investment in Cepton’s business since 2020 will be made through KOITO’s …

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Cepton Announces $50M Committed Investment From KOITO

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Aug 5, 2021 · (“KOITO”) committed to invest a further $50 million in Cepton’s business. KOITO’s second investment in Cepton’s business since 2020 will be made through KOITO’s …

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Cepton Expands With $50 Million Investment From Koito

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Feb 5, 2020 · → View press release on Business Wire ‍ SAN JOSE, Calif.--(BUSINESS WIRE)--Cepton Technologies, Inc., a leading provider of state-of-the-art, intelligent, lidar-based …

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GCAC - Cepton Announces $50M Committed Investment In...

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(“KOITO”) committed to invest a further $50 million in Cepton’s business. KOITO’s second investment in Cepton’s business since 2020 will be made through KOITO’s participation in a …

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Cepton Announces $50M Committed Investment In Cepton’s …

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(“KOITO”) committed to invest a further $50 million in Cepton’s business. KOITO’s second investment in Cepton’s business since 2020 will be made through KOITO’s participation in a …

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GCAC Press Release: Cepton Announces $50M Committed …

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Read Press Release for Growth Capital Acquisition Corp. - Class A (GCAC) published on Aug. 5, 2021 - Cepton Announces $50M Committed Investment in Cepton's Business From KOITO …

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Cepton Announces $50M Committed Investment In Cepton’s …

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Aug 6, 2021 · Cepton Technologies, Inc. (“Cepton”), a leader in high performance MMT ® lidar solutions for Advanced Driver Assistance Systems (ADAS), Autonomous Vehicles (AV) and …

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Cepton Announces $50M Committed Investment In Cepton’s

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Cepton Technologies, Inc., ... announced today that its automotive Tier 1 partner and current shareholder, KOITO MANUFACTURING CO., LTD. committed to invest a further $50 million in …

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Cepton, Inc. Announces Closing Of $100 Million Investment From …

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Jan 20, 2023 · → View press release on Business Wire ‍ SAN JOSE, Calif.--(BUSINESS WIRE)--Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high …

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Cepton, Inc. Announces Agreement For $100 Million Investment …

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Oct 27, 2022 · Under the terms of the Investment Agreement, which has been unanimously approved by Cepton’s board of directors, Koito will purchase $100 million of convertible …

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Cepton, Inc. Announces Agreement For $100 Million Investment …

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Oct 27, 2022 · At Cepton’s election, the Preferred Stock carries a 4.250% per annum dividend if paid in kind or a 3.250% per annum dividend if paid in cash, in each case paid quarterly in …

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Cepton, Inc. Announces New Investment Intent For Up To $100 …

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Aug 30, 2022 · SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 30, 2022-- Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high-performance lidar solutions, …

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FAQs about Cepton Announces $50M Committed Investment from KOITO Coupon?

Is Koito investing in Cepton?

Dating back to 2017, Cepton and Koito have a strong history of collaboration, and this marks Koito’s third investment in Cepton since 2020. © Cepton, Inc. ...

What does Koito's investment agreement mean for Cepton?

Under the terms of the Investment Agreement, which has been unanimously approved by Cepton’s board of directors, Koito will purchase $100 million of convertible preferred stock (the “Preferred Stock”), with a purchase price of $1,000 per share. ...

How has Koito been with Cepton?

From receiving our ADAS series production design win to becoming a publicly traded company, Koito has been with us throughout our journey, and I look forward to achieving many more milestones together in the years to come,” said Dr. Jun Pei, Cepton’s Co-Founder and CEO. ...

Will Cepton's new investment strengthen Koito's financial position?

Cepton has been a valued partner of Koito, as represented by our previous capital investments, and we expect our latest proposed investment to help strengthen Cepton’s financial position and solidify Koito’s commitment in lidar as a crucial component in both automotive and non-automotive applications,” said Mr. Michiaki Kato, Koito’s President. ...

How does Cepton evaluate Koito?

Cepton’s Board of Directors, through a special committee thereof (the “Special Committee”), will carefully evaluate Koito’s indication of interest within the context of the ongoing review of various alternatives and in consultation with any financial and legal advisors it may retain. ...

Who owns Cepton lidars?

Dating back to 2017, Cepton and Koito have a strong history of collaboration, and this marks Koito’s third investment in Cepton since 2020. As a direct result of their partnership, Cepton and Koito were awarded the industry’s largest known ADAS lidar series production award. ...