Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025, alleging misrepresentation and omission of material information regarding a merger proposal with Koito Manufacturing Co., Ltd. [1][3] Company Overview - Cepton, Inc. is a technology company based in San Jose, California, specializing in lidar solutions for automotive and smart infrastructure applications. The company was acquired by Koito in January 2025, and its stock is no longer publicly traded [2]. Allegations in the Lawsuit - The lawsuit claims that Cepton misrepresented and omitted critical information about a competing third-party bid that valued the company at more than double the price offered by Koito. The Board of Directors allegedly failed to evaluate or disclose this competing offer, which deprived shareholders of making informed decisions [3]. - Additionally, the lawsuit references documents indicating that Cepton's CEO had personal financial conflicts that improperly influenced the Board's decision to accept the Koito deal [4].

Core Points - A class action lawsuit has been filed against Cepton, Inc. by Berger Montague on behalf of investors who traded Cepton shares between July 29, 2024, and January 6, 2025 [1][2] - Cepton, a technology company specializing in lidar solutions, was acquired by Koito Manufacturing Co., Ltd. in January 2025, and its stock is no longer publicly traded [2] - The lawsuit alleges that Cepton misrepresented and omitted critical information regarding a competing merger proposal that valued the company at more than double the price offered by Koito [3] - It is claimed that Cepton's CEO had personal financial conflicts that improperly influenced the Board's decision to accept the Koito deal [4] Company Information - Cepton, Inc. is based in San Jose, California, and focuses on developing lidar solutions for automotive and smart infrastructure applications [2] - The company is no longer publicly traded following its acquisition by Koito Manufacturing Co., Ltd. [2] Legal Context - Investors who traded Cepton securities during the specified class period have until December 8, 2025, to seek appointment as lead plaintiff [2] - The lawsuit references documents from a pending case in Delaware that highlight the alleged failure of Cepton's Board to evaluate a competing offer [3]