Cepton(US:CPTN) Prnewswireยท2025-10-09 19:34Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly failing to disclose a competing acquisition bid during the approval process of its merger with Koito Manufacturing Co., which may have undervalued Cepton shares [1][3][5]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025 [1][2]. - The merger proposal from Koito valued Cepton shares at $3.17 each, while a credible third-party bid valued the company at more than double that amount [3][5]. - The Delaware Court of Chancery is currently handling a lawsuit from former shareholders against Cepton's senior officers, revealing that proxy materials for the Koito acquisition concealed material information [4][5]. Group 2: Allegations Against Cepton - Cepton's Board of Directors allegedly did not adequately explore the competing offer and failed to disclose its terms when recommending the Koito transaction to shareholders [5]. - The complaint also suggests that Cepton's CEO had conflicts of interest regarding the Koito proposal, further complicating the situation for shareholders [5].