Growth Capital Acquisition Corp. GCAC Archives

WednesdayFeb 09, 2022 9:00 am

Impending Merger Between Growth Capital Acquisition Corp. (NASDAQ: GCAC) and Cepton Technologies, Inc. Approaches; Shareholder Special Meeting on February 9, 2022

GCAC announces another milestone that brings company closer to completing impending transaction with Cepton Technologies, a Silicon Valley developer of LiDAR-based innovative technology SEC declared effectiveness of Registration Statement and Special Meeting date for proposed business combination where stockholders will vote to approve transaction Cepton provides highly competitive price-for-performance LiDARs; initially targets advanced driver assistance systems (“ADAS”) segment but is poised to expand into new markets and applications Growth Capital Acquisition (NASDAQ: GCAC), a special purpose acquisition company, announced that it would hold the Special Meeting of its stockholders at 10:00 A.M. Eastern Time on February 9, 2022, following the…

TuesdayFeb 08, 2022 1:16 pm

A Beachhead Market for Cepton: Every OEM Sees LiDAR as Necessity for Safer Driving

Cepton Technology is coming public this month via a merger with SPAC Growth Capital Acquisition Corp. Cepton is a leader in lidar technology, working with all the top automotive OEMs and signing the largest lidar contract to date where its MMT will be used in General Motors’ Ultra Cruise ADAS Cepton recently hosted a Virtual Investor Day where the management team provided comprehensive insight into the past and future as it targets $1.22 billion in revenue is 2026 Occasionally, an industry emerges that fundamentally changes the game. In the automobile industry, the future is autonomous driving, starting with Advanced Driver…

MondayJan 31, 2022 11:18 am

QualityStocksNewsBreaks — Growth Capital Acquisition Corp. (NASDAQ: GCAC) Shares Update on Registration Statement, Special Meeting

Growth Capital Acquisition Corp. (NASDAQ: GCAC), a special purpose acquisition company, announced that the Securities and Exchange Commission (“SEC”) declared effective the company’s recent Form S-4 registration statement, which includes a definitive proxy statement in connection with a special meeting of GCAC’s stockholders. The meeting is slated for Feb 9, 2022, at 10 a.m. ET. According to the announcement, Growth Capital’s stockholders plan to consider the company’s proposed business combination with Cepton Technologies Inc. at the upcoming meeting. Cepton is a developer of lidar-based solutions for automotive, smart cities, smart spaces and smart industrial applications. The company also indicated that, once…

MondayJan 31, 2022 11:10 am

Growth Capital Acquisition Corp.’s (NASDAQ: GCAC) Management Set to Complete Business Combination with Cepton Technologies in the First Quarter of 2022

Growth Capital Acquisition Corp. agreed to combine with Cepton Technologies Inc, a Silicon Valley firm focused on the development of lidar technology in August 2021 The deal, which is expected to close on February 9, 2022, will value the company at approximately $1.5 billion on a cash-free, debt-free basis GCAC’s management, Prokopios (Akis) Tsirigakis and George Syllantavos, have previously listed and successfully concluded 3 SPAC deals and boast a lengthy and experienced track record within the industry Growth Capital Acquisition (NASDAQ: GCAC), a publicly traded special purpose acquisition company (“SPAC”) listed on February 2, 2021, with $172.5 million in trust,…

ThursdayJan 27, 2022 10:00 am

LiDAR Detects Merger Between Cepton and Growth Capital Acquisition Corp. (NASDAQ: GCAC) Drawing Near

Six LiDAR companies have gone public since 2020, raising $3.6+ billion as investors look for exposure to autonomous vehicles market Cepton is merging with Growth Capital Acquisition Corp GCAC in the coming weeks in a deal valuing Cepton at $1.55 billion, with $231 million in pro forma cash on its balance sheet Cepton has worked with the world’s biggest automotive OEMs, including General Motors and Ford, and garnered a $50 million investment for Japan’s Koito Manufacturing As the race to fully autonomous vehicles (“AVs”) heats up, one particularly important pocket of the AV and advanced driver assistance systems (“ADAS”) markets…

MondayJan 24, 2022 1:31 pm

QualityStocksNewsBreaks — Growth Capital Acquisition Corp. (NASDAQ: GCAC), Cepton Technologies Inc. Merger to Be Discussed at Upcoming Investor Day

Growth Capital Acquisition Corp. (NASDAQ: GCAC), a publicly traded special purpose acquisition company, and its upcoming merger with Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT(R) lidar solutions, will be the focus of a virtual investor day event. The event is scheduled for Thursday, Jan. 27, 2022, at 12 p.m. ET. The event will be hosted by Cepton management and will include a discussion about recent industry trends as well as an update regarding the pending transaction. The webinar will be broadcast live with a replay available on the company website following the event. The…

TuesdayJan 18, 2022 3:33 pm

QualityStocksNewsBreaks – Growth Capital Acquisition Corp.’s (NASDAQ: GCAC) Pending Business Combination Partner to Present at Baird 2022 Conference

Growth Capital Acquisition Corp. (NASDAQ: GCAC) and its wholly owned subsidiary, GCAC Merger Sub Inc., previously entered into a business combination agreement with Cepton Technologies Inc., a Silicon Valley innovator and leader in high performance MMT(R) lidar solutions. Cepton today announced that its CEO Dr. Jun Pei and CFO Dr. Winston Fu will present virtually in the Baird 2022 Vehicle Technology and Mobility Conference at 1:10 p.m. ET on Tuesday, Jan. 25, 2022. According to the update, a link to the live webcast of management’s presentation along with additional investor materials and company information can be found on the investor…

MondayJan 03, 2022 1:48 pm

QualityStocksNewsBreaks – Why Growth Capital Acquisition Corp. (NASDAQ: GCAC) Is ‘One to Watch’

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. “Upon closing of the transaction, the combined company will be renamed ‘Cepton Inc.’ and is expected to be listed on the Nasdaq stock exchange under new ticker symbol CPTN,” reads a recent article. “Cepton Technologies Inc. is a provider of state-of-the-art, intelligent, lidar-based solutions serving a range of markets, including automotive (‘ADAS/AV’), smart cities, smart…

TuesdayDec 21, 2021 10:30 am

Growth Capital Acquisition Corp. (NASDAQ: GCAC) Is ‘One to Watch’

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, the combined company will be renamed ‘Cepton Inc.’ and is expected to be listed on the Nasdaq stock exchange under new ticker symbol ‘CPTN’. The proposed business combination, which has been unanimously approved by the boards of directors of Cepton and Growth Capital, is expected…

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