Cepton, Inc. Announces Closing of $100 Million Investment from …

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 performance lidar solutions, announced today the completion of its previously announced …

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

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

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Jan 11, 2023 · Cepton, Inc., a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced $100 million …

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Business Wire: Cepton, Inc. Announces Closing Of US$100 Million ...

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Jan 20, 2023 · The investment is in the form of convertible preferred stock and was approved by Cepton stockholders on January 11, 2023. Beginning on the first anniversary of the issue date, …

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

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Jan 23, 2023 · Cepton, Inc. a Silicon Valley innovator and leader in high-performance lidar solutions , today announced the completion of its previously announced $100 million …

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

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Oct 27, 2022 · Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today that it has entered into a binding …

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

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Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced …

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Jan 20, 2023 · Cepton, Inc. (NASDAQ: CPTN), a leader in high-performance lidar solutions, announced the completion of a $100 million investment from its partner, Koito Manufacturing …

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Exhibit 99.1 . Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing . SAN JOSE, CA, January 20, 2023 – Cepton, Inc. (“Cepton”) (Nasdaq: CPTN), …

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

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Jan 20, 2023 · Share this Story : Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing

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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 Closing Of $100 Million Investment From …

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Business Wire 20-Jan-2023 9:00 AM. Cepton, Inc. ("Cepton") (NASDAQ:CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of …

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Jan 20, 2023 · Google announces nearly 12,000 job cuts worldwide. ... Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing. 20 Jan 2023. SAN JOSE, Calif. …

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

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Jan 24, 2023 · Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing. SAN JOSE, CA, January 20, 2023 - Cepton, Inc. ("Cepton") (Nasdaq: CPTN), …

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FAQs about Cepton, Inc. Announces Closing of $100 Million Investment from … Coupon?

Why did Cepton invest in Koito?

The proceeds from the proposed investment from Koito, in the form of convertible non-voting preferred stock, would fund Cepton’s next stage of growth as it scales its lidar solutions for mass deployment. Cepton and Koito’s long history of collaboration started in 2017 and resulted in the industry’s largest known ADAS lidar series production award. ...

Does Koito own 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. ...

Is Cepton a convertible stock?

The Investment, in the form of convertible preferred stock, was approved at a special meeting of Cepton stockholders on January 11, 2023, and is convertible, beginning on the first anniversary of the issue date, into shares of Cepton’s common stock at an initial conversion price of $2.585 per share. ...

What happens if you eat a Cepton investment?

Consummation of any such investment would be subject to, among other things, negotiation of key transaction terms, entry into definitive agreements, the approval of Cepton’s shareholders and satisfaction of applicable closing conditions. ...

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. ...