Cepton Inc. (NASDAQ: CPTN) Hits Wall Street After Successful SPAC Merger; Initial Market Capitalization More Than Doubled Since Last Private Valuation
Cepton makes public debut after completing business combination with GCAC; appears on track to deliver on its vision to expand leading market position and drive value for stakeholdersWith initial market capitalization of around $1.4 billion, Cepton more than doubled its last private valuation of $615 millionCompany has grand plans for future; aims to be the one to extend LiDAR technology adoption from the luxury sector…