Cepton(US:CPTN) Prnewswireยท2025-11-12 18:17Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague on behalf of investors who traded Cepton shares during the specified Class Period, alleging undisclosed material information regarding a competing acquisition bid during the merger with Koito Manufacturing Co., Ltd. [1][3][4] Group 1: Lawsuit Details - The lawsuit claims that Cepton's senior executives failed to disclose a credible third-party acquisition bid that valued the company at more than double the price of the Koito merger proposal, which was valued at $3.17 per share [3][5]. - The Delaware Court of Chancery lawsuit indicates that Cepton's Board of Directors did not adequately explore the competing offer and did not disclose its terms when recommending the Koito transaction to shareholders [5][4]. - Investors became aware of the concealed material information after a redacted amended complaint was made public in September 2025, revealing that the proxy materials for the Koito acquisition lacked transparency [4][5]. Group 2: Company Background - Cepton, Inc. is a lidar technology company based in San Jose, California, and was acquired by Koito Manufacturing Co., Ltd. in January 2025, after which its stock is no longer publicly traded [2].