**Cepton, Inc. Provides Supplemental Disclosures Related to Merger Agreement**

On December 10, 2024, Cepton, Inc. (NASDAQ: CPTN) released supplemental disclosures in connection with its Agreement and Plan of Merger with KOITO MANUFACTURING CO., LTD. In response to Demand Letters from stockholders challenging the disclosure adequacy of the previous Proxy Statement, Cepton voluntarily included additional information to address these concerns.

The company stated that despite believing the claims to be meritless, it has decided to supplement the Proxy Statement to avoid the uncertainties linked with litigation. Cepton stressed that the provided disclosures do not indicate any acknowledgment of legal obligation or materiality under applicable regulations.

Key highlights of the supplemental disclosures include amendments to the Proxy Statement’s sections related to the Background of the Merger and Opinions of Craig-Hallum to the Special Committee. The modifications aim to enhance clarity and provide more comprehensive information regarding the merger transaction.

Cepton emphasized that all the newly added information should be read in conjunction with the original Proxy Statement, which remains accessible on the SEC’s website. The company clarified that this disclosure update’s purpose is to supplement rather than replace any existing information in the Proxy Statement.

Cepton, as an emerging growth company, continues to focus on achieving regulatory compliance and maintaining transparency with its stakeholders. The company’s recent actions reflect its commitment to addressing shareholder concerns and upholding a high standard of corporate governance.

Investors and stakeholders are advised to review the additional disclosures alongside the Proxy Statement to gain a comprehensive understanding of the implications of the Merger Agreement and associated details.

This article summarizes the recent update provided by Cepton, Inc. in response to shareholder feedback and highlights the company’s proactive approach to ensuring transparency and compliance with regulatory requirements.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Growth Capital Acquisition’s 8K filing here.

Growth Capital Acquisition Company Profile

As of February 10, 2022, Growth Capital Acquisition Corp. was acquired by Cepton Technologies, Inc, in a reverse merger transaction. Growth Capital Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.