Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly making materially false and misleading statements regarding its business operations and compliance policies during the Class Period from July 29, 2024, to January 6, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [5]. - It is alleged that Cepton's Board of Directors failed to adequately explore the third-party offer and did not disclose its terms when recommending the Koito Acquisition to shareholders [5]. - As a result of these actions, shareholders were deprived of the opportunity to meaningfully consider the acquisition, leading to materially false and misleading public statements by the defendants [5]. Group 2: Participation Information - Investors who purchased or sold Cepton, Inc. common stock during the Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6].

, /PRNewswire/ -- National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Cepton, Inc. (NASDAQ: CPTN) ("Cepton" or the "Company") on behalf of investors who purchased or sold Cepton shares during the period of July 29, 2024 through January 6, 2025 (the "Class Period"). Investor Deadline: Investors who purchased or sold Cepton securities during the Class Period may, no later than December 8, 2025, seek to be appointed as a lead plaintiff representative of the class. To l ...

LOS ANGELES, Oct. 09, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Cepton, Inc., (“Cepton” or the "Company") (NASDAQ: CPTN) investors of a class action on behalf of investors that bought securities between July 29, 2024 and January 6, 2025, inclusive (the “Class Period”). Cepton investors have until December 8, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or ...

NEW YORK, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Cepton, Inc. (“Cepton” or “the Company”) (NASDAQ: CPTN) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Cepton securities ...

To be notified if a class action against Cepton, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations that Cepton, Inc. (CPTN) Misled Investors in Connection with the Company's Acquisition by Koito Manufacturing Co., Ltd. The complaint alleges that in December 2023, Koito annou ...

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action lawsuit on behalf of purchasers or sellers of Cepton, Inc. (NASDAQ: CPTN) common stock between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period†). Prior to its acquisition, Cepton was an electronics company. For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653. The Allegations: Rosen Law Firm is In. ...

[Click here for information about joining the class action] If you are an investor who purchased or otherwise acquired Cepton securities during the Class Period, you have until December 8, 2025, to ask the Court to appoint you as Lead Plaintiff for the class.A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e- mail are encouraged to include the ...

ATLANTA, Oct. 08, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Cepton, Inc. (“Cepton” or the “Company”) (NASDAQ: CPTN). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Spirit’s business, operations, and prospects, including allegations that: (i) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition; (ii) Cepton's Board ...

Revenue and Market Performance - Cepton's revenue is primarily derived from lidar sensor sales and development arrangements, with a significant decline expected in lidar sensor revenue for 2024 due to the cancellation of the GM series production award[148]. - Development revenue is anticipated to increase significantly in 2024 compared to 2023, driven by an engineering services contract with Koito worth approximately $10 million[149][136]. - Total revenue for the three months ended September 30, 2024, was $0.5 million, a decrease of $3.3 million or 86% compared to $3.8 million in the same period in 2023[163]. - Development revenue increased by $10.6 million to $10.9 million for the nine months ended September 30, 2024, from $0.3 million for the same period in 2023[167]. - Lidar sensor and prototype revenue decreased by $3.3 million, or 88%, to $0.5 million for the three months ended September 30, 2024, from $3.8 million for the same period in 2023[164]. Costs and Expenses - The company incurred $1.6 million and $3.2 million in transaction costs related to the Koito merger agreement during the three and nine months ended September 30, 2024, respectively[135]. - Cepton's gross margins are expected to fluctuate based on market conditions, product mix, and manufacturing cost structure, with a focus on driving down costs as production volumes increase[151][142]. - Total cost of revenue for the three months ended September 30, 2024, was $0.6 million, a decrease of $2.7 million or 82% compared to $3.3 million in the same period in 2023[168]. - Research and development expense decreased by $1.2 million, or 18%, to $5.5 million for the three months ended September 30, 2024, from $6.7 million for the same period in 2023[172]. - Selling, general, and administrative expense decreased by $0.8 million, or 13%, to $5.3 million for the three months ended September 30, 2024, from $6.1 million for the same period in 2023[173]. Profitability and Losses - Operating loss for the three months ended September 30, 2024, was $10.9 million, a decrease of $1.4 million or 11% compared to $12.3 million in the same period in 2023[163]. - Net loss for the three months ended September 30, 2024, was $10.6 million, a decrease of $0.7 million or 6% compared to $11.3 million in the same period in 2023[163]. - The company incurred a net loss of $17.3 million during the nine months ended September 30, 2024, with negative cash flow from operating activities amounting to $8.7 million[190]. - The company expects to continue investing in research and development, which may lead to further operating losses in the near future[187]. Cash Flow and Liquidity - As of September 30, 2024, the company had cash and cash equivalents totaling $47.7 million, sufficient to meet foreseeable liquidity needs for at least the next twelve months[182]. - During the nine months ended September 30, 2024, the company generated $6.1 million from investing activities, primarily from short-term investment maturities[194]. - Financing activities used $0.1 million of cash during the nine months ended September 30, 2024, primarily for employee tax payments on RSU vesting[196]. Strategic Partnerships and Market Focus - The automotive market represents a large portion of Cepton's total addressable market, with ongoing discussions with all top 10 global automotive OEMs to secure series production awards[145][140]. - The company is focused on mass-market lidar solutions for advanced driver assistance systems (ADAS), which is projected to be the largest market opportunity for lidar applications over the next decade[127]. - Cepton's strategic partnerships with system integrators are aimed at driving the adoption of lidar solutions in smart infrastructure applications, which are expected to grow at a faster pace than in the automotive market[141]. - The average selling price of lidar solutions in the smart infrastructure market is expected to be higher than in the automotive space due to customization and integration requirements[143]. Economic Environment and Future Outlook - The global economic environment remains volatile, influenced by inflation, geopolitical conflicts, and consumer confidence, which may impact Cepton's business performance[130]. - The company entered into a merger agreement with Koito, expected to close in the first quarter of 2025, which will increase liquidity and capital resources[184][185]. - The company issued 100,000 shares of Preferred Stock to Koito for a purchase price of $100.0 million, with the Preferred Stock convertible into common stock starting January 19, 2024[183]. - The company recorded a $0.3 million expense in other (expense) income, net for the three months ended September 30, 2024, due to project loss claims related to the GM series production award cancellation[180]. - The company realized $4.0 million of cost recovery during the nine months ended September 30, 2024, related to the cancellation of purchase orders from GM[186]. - The company had an accumulated deficit of $151.9 million as of September 30, 2024, reflecting significant operating losses in the past[187]. - Lidar sensor and prototype cost of revenue decreased by $4.3 million, or 61%, to $2.8 million for the nine months ended September 30, 2024, from $7.1 million for the same period in 2023[170]. - Foreign currency transaction loss, net of $0.8 million was recorded during the nine months ended September 30, 2023, due to the repayment of the Secured Term Loan with Koito, which was denominated in Japanese Yen[178].

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...