- The Fly. About Growth Capital Acquisition Corp. Breaking News: AEVA, AMBA, CPTN, GCAC, NVTS, OUST, PXLW, VLDR latest news. Cepton Technologies, Inc. ("Cepton"), a Silicon Valley innovator focused on the mass-market commercialization of high performance, high quality lidar solutions, announced today its . Lidar Maker Cepton in Merger Talks With Growth Capital SPAC On August 4, 2021, Cepton, Growth Capital Acquisition Corp., a Delaware corporation ("GCAC”) (Nasdaq: GCAC), and GCAC Merger Sub Inc., a Delaware corporation and newly formed wholly-owned subsidiary of GCAC ("Merger Sub”) entered into a business combination agreement. Growth Capital Acquisition Corp. (GCAC) Adds Financing to Cepton Deal. Announce Committed Investment Agreement for up to $100 Million with Lincoln Park Capital Yahoo Finance 2021-11-27 It was founded by executives from Nautilus Energy Management, Maxim Group and Hudson Bay Capital. Capital Completes Growth Investment in General Datatech. GCAC - Stock quote for Growth Capital Acquisition Corp ... Management of Growth Capital and Cepton will host an investor call on Thursday August 5 th at 9:00 am EDT to discuss the proposed transaction. Announce Committed Investment Agreement for up to $100 Million with Lincoln Park Capital. Growth Capital Acquisition Corp. (NASDAQ: GCAC ... Cepton lidar deal in July is said to have been with . Announce Committed Investment Agreement for up to $100 Million with Lincoln Park Capital. Cepton Technologies, Inc., an Innovator in Automotive ADAS Cepton Technologies and Growth Capital Acquisition Corp. SAN FRANCISCO-- ( BUSINESS WIRE )--H.I.G. For more information, visit www.cepton.com and follow us on Twitter and LinkedIn. August 5, 2021 Cepton Technologies, Inc., an Innovator in Automotive ADAS Lidar, and Growth Capital Acquisition Corp., Enter into Business Combination Agreement August 5, 2021 Growth Capital Acquisition Corp. Growth Capital Acquisition Corp. (NASDAQ:GCAC), a publicly traded special purpose acquisition company listed on February 2, 2021, with $172.5 million in Trust, and Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT ® lidar solutions, on August 5, 2021, announced their entry into a definitive business combination agreement. Cepton Technologies, Inc. ("Cepton"), an innovator in light detection and ranging (lidar) for automotive Advanced Driver Assistance Systems (ADAS) and vehicle autonomy, to combine with Growth Capital Acquisition Corp. ("Growth Capital", Nasdaq: GCAC) 1 talking about this. as previously disclosed, on august 4, 2021, growth capital acquisition corp., a delaware corporation (" gcac "), and gcac merger sub inc., a delaware corporation and a wholly-owned subsidiary of. About Growth Capital Acquisition Corp. SAN JOSE, Calif., November 27, 2021--(BUSINESS WIRE)--Cepton Technologies, Inc. ("Cepton"), a Silicon Valley innovator focused on the mass-market commercialization of high performance, high quality lidar solutions, announced today that it and Growth Capital Acquisition Corp ("GCAC") (Nasdaq: GCAC) have entered into a committed investment agreement ("Purchase Agreement") and related . Cepton Technologies and Growth Capital Acquisition Corp. $50M committed PIPE investment, following earlier investment in 2020. Learn More. August 4, 2021, 1:49 PM PDT Updated on August 4, 2021, 6:21 PM PDT. Cepton would be the latest in a string of lidar technology startups to go public via a special purpose acquisition company, or SPAC. The transaction with Cepton enables Growth Capital to enter the lidar sector, one of the most innovative and rapidly growing sectors, with particular focus on ADAS in mass-market passenger vehicles. Cepton Technologies, Inc. ("Cepton"), an innovator in light detection and ranging (lidar) for automotive Advanced Driver Assistance Systems (ADAS) and vehicle autonomy, to combine with Growth Capital Acquisition Corp. ("Growth Capital", Nasdaq: GCAC)Business combination follows Cepton securing the ADAS industry's largest lidar series production award1 from a leading global Top 5 . Cepton and Growth Capital have entered into a definitive business combination agreement. Nov 29, 2021 INTEL by Nicholas Alan Clayton. Growth Capital (NASDAQ: GCAC), a publicly traded special purpose acquisition company listed on Feb. 2, 2021, recently announced its entry into a definitive business combination agreement with Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance Micro Motion Technology ("MMT"(R)) lidar solutions. The Fly team scours all sources of company news, from mainstream to cutting edge,then filters out the noise to deliver shortform stories consisting of only market moving content. Cepton also has a presence in. "Upon closing of the transaction, the combined company will be … The San Jose, California-based company, which was founded in 2016, provides light detection and ranging-based (lidar) solutions for the automotive, smart cities, smart spaces and smart industrial applications markets. The transaction with Cepton enables Growth Capital to enter the lidar sector, one of the most innovative and rapidly growing sectors, with particular focus on ADAS in mass-market passenger vehicles. Cepton's is the lidar component of GM's Ultra . Cepton and Growth Capital and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed business combination. Founded in 2016 in San Jose, California, by technologists from Stanford University, Cepton has from its inception focused on ADAS, the largest-end . The San Jose, California-based startup is seeking to combine with Growth Capital Acquisition Corp. in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked not to be identified because the matter is private. Cepton Technologies. Transaction would value company at $1.5 billion including debt. On August 4, 2021, Cepton, Growth Capital Acquisition Corp., a Delaware corporation ("GCAC”) (Nasdaq: GCAC), and GCAC Merger Sub Inc., a Delaware corporation and newly formed wholly-owned subsidiary of GCAC ("Merger Sub”) entered into a business combination agreement. Growth Capital Acquisition Corp. (NASDAQ: GCAC) Growth Capital Acquisition Corp. (NASDAQ:GCAC), a publicly traded special purpose acquisition company listed on February 2, 2021, with $172.5 million in Trust, and Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT ® lidar solutions, on August 5, 2021, announced their entry into a definitive business . About Growth Capital Acquisition Corp. Cepton Technologies, Inc., an Innovator in Automotive ADAS Lidar, and Growth Capital Acquisition Corp., Enter into Business Combination Agreement Cepton, a Silicon Valley innovator and leader in high performance MMT lidar solutions, and Growth Capital, a publicly traded special purpose acquisition company, announced today that they have entered . Vision. Cepton Technologies Inc. entered a definitive business combination agreement with Growth Capital Acquisitions Corp., a publicly traded special acquisition company (SPAC), as well as related subscription agreements, for an aggregate $58.5 million private placement in connection with the business combination. Posted on 11/27/2021 20374 For more information, visit www.cepton.com and follow us on Twitter and LinkedIn. BRIEF-Cepton Technologies And Growth Capital Acquisition Corp. Cepton's is the lidar component of GM's Ultra Cruise autonomous driving platform. Growth Capital (NASDAQ: GCAC) , a publicly traded special purpose acquisition company listed on Feb. 2, 2021, recently announced its entry into a . "Upon closing of the transaction, the combined company will be The conference call can be accessed via dial-in . For more information, visit www.cepton.com and follow us on Twitter and LinkedIn. Growth Capital Acquisition Corp. (NASDAQ: GCAC), a publicly traded special purpose acquisition company listed on February 2, 2021, with $172.5 million in Trust, and Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT(R) lidar solutions, on August 5, 2021, announced their entry into a definitive business combination agreement. Upon closing of the transaction Aug 5 (Reuters) - Growth Capital Acquisition Corp <GCAC.O>::CEPTON TECHNOLOGIES, INC., AN INNOVATOR IN AUTOMOTIVE ADAS LIDAR, AND GROWTH CAPITAL ACQUISITION CORP., ENTER INTO BUSINESS COMBINATION . Intelligence at the Speed of Light . Cepton will have the right . Upon closing, the . Intelligent #lidar solutions revolutionizing ADAS, autonomous vehicles, smart infrastructure & other privacy-sensitive perception systems worldwide. KOITO's second investment in Cepton's business since 2020 will be made through KOITO's participation in a Private Investment in Public Equity (PIPE) offering of shares of common stock of Growth Capital Acquisition Corp. ("Growth Capital") (Nasdaq: GCAC), a special purpose acquisition company (SPAC), in connection with Cepton's . Cepton Technologies, Inc. ("Cepton”), a Silicon Valley innovator focused on the mass-market commercialization of high performance, high quality lidar solutions, announced today that it and Growth Capital Acquisition Corp ("GCAC”) (Nasdaq: GCAC) have entered into a committed investment agreement ("Purchase Agreement”) and . Such statements . Cepton Technologies, a manufacturer of high performance MMT® lidar solutions, and Growth Capital Acquisition today announced a definitive business combination agreement that would give the combined company an enterprise value of approximately $1.5 billion on a cash-free, debt-free basis. koito's second investment in cepton's business since 2020 will be made through koito's participation in a private investment in public equity (pipe) offering of shares of common stock of growth. The transaction is expected to provide approximately $231 million in gross proceeds, comprised of $172.5 . Maxim and Craig-Hallum Capital Group LLC are acting as capital markets advisors to Growth Capital. Growth Capital (NASDAQ: GCAC), a publicly traded special purpose acquisition company listed on Feb. 2, 2021, recently announced its entry into a definitive business combination agreement with Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance Micro Motion Technology ("MMT"(R)) lidar solutions. Growth Capital stockholders and other interested persons may obtain, without charge, more detailed information . Growth Capital (NASDAQ:GCAC) has entered into a definitive agreement to combine with lidar-maker Cepton at an enterprise value of about $1.5 billion, or 1.8x its 2025E revenue. Item 7.01 Regulation FD Disclosure.On December 29, 2021, Cepton Technologies, Inc., a Delaware corporation ("Cepton"), issued a press release (the By leveraging its patented MMT lidar platform, the company develops reliable, scalable and cost-effective solutions that deliver long-range, high-resolution 3D perception for smart applications." To view the full article, visit . Cepton Technologies, Inc. ("Cepton"), a . Committed Investment from KOITO. Capital ("H.I.G."), a leading global . Upon the closing of the transaction, the combined company will be renamed "Cepton, Inc." and is expected to be listed on the Nasdaq stock exchange . Cepton is headquartered in San Jose, CA and has a business development facility in Troy, MI to provide local support to the OEM and Tier 1-studded Metro Detroit area. ANNOUNCING. Seminal Capital is a growth impact manager that invests in companies at the forefront of seminal trends, creating enduring value for our investors and empowering innovators on their mission to build a better future. Cepton Technologies, Inc. ("Cepton"), an innovator in light detection and ranging (lidar) for automotive Advanced Driver Assistance Systems (ADAS) and vehicle autonomy, to combine with Growth Capital Acquisition Corp. ("Growth Capital", Nasdaq: GCAC) Business combination follows Cepton securing the ADAS industry's largest lidar series . Growth Capital raised $172.5 million in its initial public offering in January. Growth Capital (NASDAQ:GCAC) has signed a committed investment agreement with Lincoln Park Capital Fund that would bring up to $100 million in additional cash to its combination with lidar-maker Cepton. On Aug. 5, Growth Capital announced it entered a merger agreement with Cepton Technologies Inc. Growth Capital is led by its Co-Chief Executive Officers, Akis Tsirigakis and George Syllantavos. Conference Call, Webcast and Presentation Information. For more information, visit www.cepton.com and follow us on Twitter and LinkedIn. growth capital acquisition corp. (nasdaq: gcac ), a publicly traded special purpose acquisition company listed on february 2, 2021, with $172.5 million in trust, and cepton technologies inc., a silicon valley innovator and leader in high performance mmt® lidar solutions, on august 5, 2021, announced their entry into a definitive business … Statements that are not historical facts, including statements about Cepton and Growth Capital Acquisition Corp., a Delaware corporation ("GCAC") and the transactions contemplated by the Business Combination Agreement (the "Transactions"), and the parties' perspectives and expectations, are forward looking statements. Cepton is headquartered in San Jose, California, USA, with a presence in Germany, Canada, Japan, India and China, to serve a fast-growing global customer base. Background. About Growth Capital Acquisition Corp. Growth Ca pital (NASDAQ: GCAC), a publicly traded special purpose acquisition company listed on Feb. 2, 2021, recently announced its entry into a definitive business combination agreement with Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance Micro Motion Technology ("MMT"(R)) lidar solutions."Upon closing of the transaction, the combined company will be . SAN JOSE, Calif.-(BUSINESS WIRE)-#ADAS-Cepton Technologies, Inc. ("Cepton"), a Silicon Valley innovator focused on the mass-market commercialization of high performance, high quality lidar solutions, announced today that it and Growth Capital Acquisition Corp ("GCAC") (Nasdaq: GCAC) have entered into a committed investment agreement ("Purchase Agreement") and related . Cepton Technologies, Inc. ("Cepton"), a Silicon Valley innovator focused on the mass-market commercialization of high performance, high quality lidar solutions, announced today that it and Growth Capital Acquisition Corp ("GCAC") (Nasdaq: GCAC) have entered into a committed investment agreement ("Purchase Agreement") and related registration rights agreement for up to $100 million . Cepton is headquartered in San Jose, California, USA, with a presence in Germany, Canada, Japan, India and China, to serve a fast-growing global customer base. Cepton is headquartered in San Jose, California, USA, with a presence in Germany, Canada, Japan, India and China, to serve a fast-growing global customer base. Additional Information and Where to Find It GCAC has filed with the Securities and Exchange Commission (the "SEC") the Registration Statement, which contains information about the proposed transaction and the respective businesses of Cepton and . About Growth Capital Acquisition Corp. Learn More. 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