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CPTN INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Cepton, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
CeptonCepton(US:CPTN) Globenewswire·2025-10-09 16:44

Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for alleged violations of federal securities laws during the specified class period [1][2]. Group 1: Lawsuit Details - The lawsuit seeks to recover damages for investors who purchased Cepton securities between July 29, 2024, and January 6, 2025 [2]. - The Complaint alleges that Cepton's management made materially false and misleading statements regarding the company's business and operations [3]. - Specific allegations include that Cepton received a credible third-party bid valuing the company at more than double the Koito Acquisition, which was not disclosed to shareholders [3]. Group 2: Implications for Shareholders - The Complaint claims that the Board of Directors failed to explore the third-party offer meaningfully and did not disclose its terms when recommending the Koito Acquisition [3]. - As a result, shareholders were deprived of the opportunity to consider whether to accept or reject the Koito Acquisition [3]. Group 3: Next Steps for Investors - Investors who suffered losses in Cepton have until December 8, 2025, to request to be appointed as lead plaintiff in the case [4]. - The law firm representing the class action operates on a contingency fee basis, meaning they will only collect fees if successful [5].