Cepton(US:CPTN) Prnewswire·2025-12-01 13:08Core 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 valued Cepton shares at $3.17 each [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who bought or sold Cepton shares between July 29, 2024, and January 6, 2025 [1][2]. - The complaint alleges that Cepton's Board of Directors did not adequately explore a competing offer that valued the company at more than double the Koito proposal [3][5]. - It is claimed that the proxy materials for the Koito acquisition concealed material information from shareholders, including the existence of a competing bid [4][5]. Group 2: Company Background - 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]. - The lawsuit emerged four months after the merger closed, indicating potential issues with the merger process and shareholder communication [4].