Cepton, inc. stockholders approve issuance of preferred stock for koito manufacturing's $100 million investment

San jose, calif.--( business wire )--cepton, inc. (“cepton”) (nasdaq: cptn), a silicon valley innovator and leader in high performance lidar solutions, announced today that its stockholders voted to approve the issuance of 100,000 shares of series a convertible preferred stock (the “preferred stock”) to koito manufacturing co., ltd. (“koito”) (tse: 7276) for $100 million (the “investment”), in accordance with the terms of the investment agreement, dated october 27, 2022, by and between cepton and koito.
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