Lawsuit filed for Investors who purchased shares of Cepton, Inc. (formerly NASDAQ: CPTN) between July 29, 2024 and January 6, 2025

An investor, who purchased shares of Cepton, Inc. (formerly NASDAQ: CPTN), filed a lawsuit over alleged violations of Federal Securities Laws by Cepton, Inc. in connection with certain allegedly false and misleading statements made between July 29, 2024 and January 6, 2025.

Investors who purchased a significant amount of shares of Cepton, Inc. (formerly NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, have certain options and for certain investors are short and strict deadlines running. Deadline: December 8, 2025. Cepton, Inc. (formerly NASDAQ: CPTN) investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Cepton, Inc was an electronics company focused on the deployment of high performance, mass-market light detection and ranging ("lidar") technologies to deliver safety and autonomy across the Automotive and Smart Infrastructure markets. The Company offered near-range lidars, long-range lidars and ultra-long-range lidars, automotive software and smart lidar systems that include its perception software.
As of July 2023, Koito Manufacturing Co., Ltd, a Japanese manufacturer of automotive lighting equipment, had invested $200 million in Cepton in exchange for common and preferred stock amounting to 30.1% of Cepton's voting power on an as-converted basis and held two out of seven seats on the Company's Board of Directors (the "Board").

In October 2023, Koito Manufacturing Co., Ltd requested that the Board form a special committee to negotiate a potential transaction with Koito Manufacturing Co., Ltd.

In December 2023, Koito Manufacturing Co., Ltd. ("Koito") announced a bid to acquire Cepton for $3.17 per share in cash in a going private transaction.

In July 2024, Cepton announced that it had accepted Koito's bid to acquire all of the Company's outstanding capital stock not owned by Koito for $3.17 per share in an all-cash transaction. According to Cepton, the Koito Acquisition would purportedly "complement Koito's existing sensor technology roadmap, while providing Cepton with the financial stability and scalability that are crucial to the commercialization of its lidar technology."

The Koito Acquisition closed on January 7, 2025, at which point all outstanding Cepton shareholders received $3.17 per share of Cepton common stock in cash. In a press release issued that same day, Cepton stated that the Merger "marks a strategic milestone in the industrialization of Cepton's cutting-edge lidar technology, combining the strengths of both companies to reshape future mobility" and "[s]upported by Koito's world-renowned automotive expertise, Cepton will continue to commercialize its lidar solutions with a strong focus on quality, reliability and sustainability."

In May 2025, former Cepton shareholders filed two verified class action complaints in the Court of Chancery for the State of Delaware against, among others, Cepton and certain of the Company's executive officers, in connection with the Koito Acquisition.

In July 2025, the foregoing actions were consolidated and restyled as In re Cepton, Inc. Stockholder Litigation, Case No. 2025-0519-LWW (the "Delaware Action").

Then, in September 2025, a redacted version of an amended consolidated class action complaint (the "Amended Complaint") filed in the Delaware Action became publicly available. The Amended Complaint followed a review of books and records produced by Cepton in response to plaintiffs' demands made under 8 Del. C. § 220. The Amended Complaint alleges that Cepton's Board agreed to the Koito Acquisition "at a price that was so unreasonable as to shock the conscience, and then pitched the grossly unfair deal to stockholders with a Proxy that concealed critical facts." Moreover, the Amended Complaint alleges that "the Proxy failed to disclose Cepton's receipt of-and the Board's utter failure to explore-a credible third-party bid valuing Cepton at more than double" the Koito Acquisition. The Amended Complaint further alleges that Cepton's Chief Executive Officer Defendant Jun Pei was subject to conflicts in his negotiations with Koito and encouraged the Board to recommend accepting the Koito Acquisition so as to protect his own personal economic interests at the expense of Cepton's stockholders.

According to the complaint the plaintiff alleges on behalf of purchasers of Cepton, Inc. (formerly NASDAQ: CPTN) common shares between July 29, 2024 and January 6, 2025, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 29, 2024 and January 6, 2025, the Defendants made false and/or misleading statements and/or failed to disclose that Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition, that Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition, that consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition, and that as a result, Defendants' public statements were materially false and misleading at all relevant times.

Those who purchased shares of Cepton, Inc. (formerly NASDAQ: CPTN) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.