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An update from Cepton ( (CPTN) ) is now available.
Cepton has been acquired by KOITO MANUFACTURING CO., LTD., marking a significant strategic milestone in the industrialization of its lidar technology. This acquisition will enhance Cepton’s ability to commercialize its solutions globally, leveraging Koito’s extensive expertise in automotive lighting to drive advancements in safe autonomy for various vehicle types and infrastructure. The acquisition also results in Cepton’s delisting from Nasdaq as it becomes a privately held subsidiary of Koito, promising increased financial stability and an expanded global network of partners.
More about Cepton
Cepton is a Silicon Valley innovator specializing in lidar-based solutions for automotive and smart infrastructure applications. With patented lidar technology, the company focuses on mass market commercialization, aiming for a balance between performance, cost, and reliability, while delivering scalable and intelligent 3D perception solutions across industries.
YTD Price Performance: 1.88%
Average Trading Volume: 93,491
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $52.17M
Find detailed analytics on CPTN stock on TipRanks’ Stock Analysis page.
