Followers | 43 |
Posts | 5751 |
Boards Moderated | 0 |
Alias Born | 04/12/2021 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, January 20, 2023 9:24:21 AM
Cepton, Inc. Announces Closing of $100 Million Investment from Koito Manufacturing
Cepton, Inc. ("Cepton") (Nasdaq: CPTN), a Silicon Valley innovator and leader in high performance lidar solutions, announced today the completion of its previously announced $100 million investment (the "Investment") from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. ("Koito") (TSE: 7276) on January 19, 2023. 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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230120005052/en/
"We're happy to announce the closing of the preferred stock investment as we deepen our partnership with Koito," said Dr. Jun Pei, Cepton's Co-Founder and CEO. "We plan to deploy the additional capital to help fund our next stage of growth, continue series production execution, and expand our collaboration efforts towards winning additional automotive OEM programs."
"We're excited to have completed our third investment in Cepton, which solidifies our commitment to lidar and increasing automotive safety for drivers worldwide," said Mr. Michiaki Kato, Koito's President. "This is an important year for us as we work towards commercialization and scale manufacturing of our lidar products. We have a strong track record with Cepton as a partner and look forward to achieving our mutual goal of becoming the leader within lidar."”
SP can go over 2.585 for one year without dilution from the conversion.
my posts are always theory and not financial advice
Recent CPTN News
- セプトン、小糸製作所と重要なエンジニアリング契約を締結 • Business Wire • 05/14/2024 05:04:00 AM
- Cepton annonce avoir passé un important contrat d’ingénierie avec Koito • Business Wire • 05/14/2024 04:50:00 AM
- Cepton gibt wichtigen Engineering-Vertrag mit Koito bekannt • Business Wire • 05/14/2024 04:47:00 AM
- Cepton, Inc. Reports First Quarter 2024 Results • Business Wire • 05/13/2024 08:10:00 PM
- Cepton Announces Significant Engineering Contract with Koito • Business Wire • 05/13/2024 12:00:00 PM
- Cepton Unveils Proprietary End-to-End Lidar Simulator, StudioViz™ • Business Wire • 05/06/2024 01:00:00 PM
- Cepton, Inc. Announces First Quarter 2024 Earnings Release and Conference Call Date • Business Wire • 05/01/2024 01:00:00 PM
- Cepton, Inc. Reports Fourth Quarter and Full Year 2023 Results • Business Wire • 03/28/2024 08:10:00 PM
- Cepton, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Date • Business Wire • 03/12/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:29:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:27:45 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:05:07 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/13/2024 09:05:07 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 01/12/2024 11:28:17 PM
- Cepton Sets New Industry Benchmark with Next-Generation Flagship Automotive Lidar, Ultra • Business Wire • 01/08/2024 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/05/2024 09:42:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/21/2023 09:08:13 PM
- Cepton, Inc. Confirms Receipt of Indication of Interest From Koito Manufacturing Co., Ltd. • Business Wire • 12/21/2023 09:05:00 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 12/21/2023 11:54:43 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:04:21 PM
- Cepton, Inc. Reports Third Quarter 2023 Results • Business Wire • 11/09/2023 09:05:00 PM
- Cepton’s Lidar Technology Deployed by The Indoor Lab to Revolutionize Operations at Tampa International Airport • Business Wire • 11/07/2023 01:00:00 PM
- Cepton, Inc. Announces Third Quarter 2023 Earnings Release and Conference Call Date • Business Wire • 10/19/2023 01:00:00 PM
- Cepton’s 1-for-10 Reverse Stock Split Becomes Effective • Business Wire • 09/21/2023 09:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2023 09:01:53 PM
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM