Cepton(CPTN) - 2024 Q1 - Quarterly Report
(b) If the closing price of the Company's common stock equals or exceeds $175.00 per share for any 20 trading days within any consecutive 30-trading day period that occurs after February 10, 2022 and on or prior to February 10, 2025, the Company will issue to each holder of common stock that is entitled to Earnout Shares a number of shares of common stock equal to such holder's pro rata portion of 600,000 shares. Stock price: the stock price was based on the closing price as of the valuation date. Expected ...