Cepton(US:CPTN) Prnewswireยท2025-11-04 22:06Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. for allegedly failing to disclose a more favorable third-party merger offer during the approval process of its acquisition by Koito Manufacturing Co., Ltd. [1][3] Company Overview - Cepton, Inc. is a lidar technology company based in San Jose, California, and was acquired by Koito in January 2025, after which its stock is no longer publicly traded [2]. Legal Allegations - The lawsuit claims that Cepton's leadership did not disclose a credible third-party offer that valued the company at more than double the price of the Koito proposal [3]. - It is alleged that Cepton's Board of Directors did not adequately evaluate the third-party offer and failed to include this information in the proxy materials for the Koito acquisition [3]. - The lawsuit also points to significant conflicts of interest involving Cepton's CEO, Jun Pei, which may have influenced the Board's decision-making [4]. Investor Information - Investors who bought or sold Cepton securities during the class period from July 29, 2024, to January 6, 2025, have until December 8, 2025, to seek appointment as lead plaintiff [2].