Core Viewpoint - Saxena White P.A. has initiated a securities class action lawsuit against Cepton, Inc. and its executives, alleging violations of the Securities Exchange Act related to a "take-private" acquisition by Koito Manufacturing Co., Ltd. The lawsuit claims that Cepton misled shareholders regarding the true value of the company and failed to disclose critical information during the merger process [1][8][10]. Group 1: Class Action Details - The class action expands the class period from July 29, 2024, to January 7, 2025, and includes claims on behalf of all individuals and entities that sold Cepton common stock during this period [2]. - The lawsuit is filed in the U.S. District Court for the Northern District of California, and investors wishing to serve as lead plaintiff must file a motion by December 8, 2025 [3]. Group 2: Company Background - Cepton, based in San Jose, California, specializes in high-performance lidar technologies aimed at enhancing safety and enabling autonomy in automotive and smart infrastructure markets [4]. - Koito Manufacturing Co., Ltd. invested $200 million in Cepton, acquiring 30.1% of Cepton's voting power and two seats on its Board of Directors [4]. Group 3: Merger and Valuation Issues - Cepton received a credible acquisition proposal from a third party valued at more than double the merger price of $3.17 per share, which was not disclosed to shareholders [5][9]. - A new production award estimated to generate approximately $40 million in revenue over three years was not disclosed to the Board prior to the merger approval, affecting the fairness opinion provided by Cepton's financial advisor [6][9]. Group 4: Allegations of Misleading Information - The class action alleges that Cepton's executives authorized materially false and misleading proxy statements that omitted crucial information regarding the merger, leading shareholders to undervalue their stock [8][10]. - The lawsuit claims that shareholders were deprived of essential information that would have influenced their decision to vote on the merger, resulting in financial losses [9][10].

Core Viewpoint - Cepton, Inc. is facing a class action lawsuit alleging that it misled investors regarding its acquisition by Koito Manufacturing Co., Ltd., which may have deprived shareholders of a better offer [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 markets prior to its merger with Koito Manufacturing Co., Ltd. [1]. Acquisition Details - Koito announced a bid to acquire Cepton for $3.17 per share in cash, with the transaction closing on January 7, 2025 [3]. Allegations in the Lawsuit - The lawsuit claims that Cepton failed to disclose a credible third-party bid that valued 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 allegedly deprived of the opportunity to make an informed decision regarding the acquisition [4]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by December 8, 2025 [5].

Core Viewpoint - A class action has been filed against Cepton, Inc. for allegedly misleading investors regarding its acquisition by Koito Manufacturing Co., Ltd. [1][2] Allegations - The complaint claims that Cepton did not disclose a credible third-party bid that valued the company at more than double the acquisition price offered by Koito, which was $3.17 per share [3] - It is alleged that Cepton's Board of Directors failed to adequately explore this third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [3] - As a result, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by December 8, 2025, and can remain absent class members if they choose not to participate [4] - The representation in the class action is on a contingency fee basis, meaning shareholders will not incur any fees or expenses [5]

Core Viewpoint - A class action lawsuit has been filed against Cepton, Inc. alleging that the company misled investors regarding its acquisition by Koito Manufacturing Co., Ltd. [1][2] Group 1: Allegations - The lawsuit claims that Cepton did not disclose a credible third-party bid that valued the company at more than double the acquisition price offered by Koito, which was $3.17 per share [3] - It is alleged that Cepton's Board of Directors failed to adequately explore the third-party offer and did not disclose its terms when recommending the Koito acquisition to shareholders [3] - As a result of these actions, shareholders were deprived of the opportunity to make an informed decision regarding the acquisition [3] Group 2: Legal Proceedings - Shareholders interested in participating as lead plaintiffs in the class action must file their papers with the court by December 8, 2025 [4] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] Group 3: Firm Background - Robbins LLP is noted for its focus on shareholder rights litigation, helping shareholders recover losses and improve corporate governance since 2002 [5]