Core Viewpoint - Cepton, Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its acquisition by Koito Manufacturing Co., Ltd. [2][4] Company Overview - Cepton, Inc. was focused on high-performance lidar technologies aimed at enhancing safety and autonomy in the Automotive and Smart Infrastructure sectors prior to its merger with Koito Manufacturing Co., Ltd. [1] Class Action Details - A class action was filed on behalf of individuals and entities that bought or sold Cepton shares during the class period from July 29, 2024, to January 6, 2025, alleging that the company misled investors about the acquisition [2][5] - The acquisition was announced in December 2023, with Koito offering $3.17 per share in cash, and the transaction closed on January 7, 2025 [3] Allegations Against Cepton - The complaint claims that Cepton failed to disclose a credible third-party bid valuing the company at more than double the Koito acquisition price [4] - It is alleged that Cepton's Board of Directors did not adequately explore this third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [4] - As a result, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [4]