Ok-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
Comment
Favorite

xwteric
2021-08-05

Ok

Lidar Maker Cepton in Merger Talks With Growth Capital SPAC

Transaction would value company at $1.5 billion including debt. Cepton lidar deal in July is said to have been with GM. Automotive technology company Cepton Technologies Inc. is in discussions to go public through a reverse merger with a blank-check company, according to people familiar with the matter.The San Jose, California-based startup is seeking to combine with Growth Capital Acquisition Corp. in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked

Lidar Maker Cepton in Merger Talks With Growth Capital SPAC

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":890749496,"tweetId":"890749496","gmtCreate":1628137252515,"gmtModify":1703501928756,"author":{"id":3568711795455809,"authorId":3568711795455809,"authorIdStr":"3568711795455809","name":"xwteric","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Ok</p></body></html>","htmlText":"<html><head></head><body><p>Ok</p></body></html>","text":"Ok","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/890749496","repostId":2157248556,"repostType":4,"repost":{"id":"2157248556","pubTimestamp":1628133992,"share":"https://www.laohu8.com/m/news/2157248556?lang=&edition=full","pubTime":"2021-08-05 11:26","market":"us","language":"en","title":"Lidar Maker Cepton in Merger Talks With Growth Capital SPAC","url":"https://stock-news.laohu8.com/highlight/detail?id=2157248556","media":"Bloomberg","summary":"Transaction would value company at $1.5 billion including debt. Cepton lidar deal in July is said to have been with GM. Automotive technology company Cepton Technologies Inc. is in discussions to go public through a reverse merger with a blank-check company, according to people familiar with the matter.The San Jose, California-based startup is seeking to combine with Growth Capital Acquisition Corp. in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked ","content":"<ul>\n <li>Transaction would value company at $1.5 billion including debt</li>\n <li>Cepton lidar deal in July is said to have been with GM</li>\n</ul>\n<p>Automotive technology company&nbsp;Cepton Technologies Inc.&nbsp;is in discussions to go public through a reverse merger with a blank-check company, according to people familiar with the matter.</p>\n<p>The San Jose, California-based startup is seeking to combine with&nbsp;Growth Capital Acquisition Corp.&nbsp;in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked not to be identified because the matter is private.</p>\n<p>A deal for Cepton, which makes the so-called lidar technology that tracks a vehicle’s external environment, is expected to be announced as soon as this week, the people said. A final agreement hasn’t been reached and talks could still end without one, they said.</p>\n<p>Representatives for Cepton and Growth Capital declined to comment.</p>\n<p>Cepton said in a&nbsp;statement&nbsp;last month that it secured a lidar production award with a Detroit-based global automotive manufacturer in a partnership with Japan’s&nbsp;Koito Manufacturing Co., which is also an investor.</p>\n<p>That automaker is&nbsp;General Motors Co., according to people who asked not to be identified because the information was private. A GM spokesperson didn’t respond to requests for comment.</p>\n<p>Cepton would be the latest in a string of lidar technology startups to go public via a special purpose acquisition company, or&nbsp;SPAC. That group includes&nbsp;Luminar Technologies Inc.,Velodyne Lidar Inc.andInnoviz Technologies Ltd.</p>\n<p>Lidar is among the most expensive components of autonomous vehicles and is key to enabling more advanced self-driving features. With the promise of fully autonomous robotaxis still years away, lidar companies are targeting more-limited features in passenger cars and products such as industrial robots and consumer devices.</p>\n<p>Cepton, started in 2016, is run by co-founder and Chief Executive Officer Jun Pei, who also previously worked at Velodyne, according to the company’s website.</p>\n<p>Growth Capital raised $172.5 million in its initial public offering in January. It was&nbsp;founded&nbsp;by executives from Nautilus Energy Management, Maxim Group and Hudson Bay Capital. Growth Capital’s co-chief executive officers, Prokopios Tsirigakis and George Syllantavos, previously led three blank-check companies that consummated deals, including a 2018 transaction that created Phunware Inc., according to the SPAC’s filings.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lidar Maker Cepton in Merger Talks With Growth Capital SPAC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLidar Maker Cepton in Merger Talks With Growth Capital SPAC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 11:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-04/cepton-is-said-to-be-in-merger-talks-with-growth-capital-spac><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Transaction would value company at $1.5 billion including debt\nCepton lidar deal in July is said to have been with GM\n\nAutomotive technology company Cepton Technologies Inc. is in discussions to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-04/cepton-is-said-to-be-in-merger-talks-with-growth-capital-spac\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-08-04/cepton-is-said-to-be-in-merger-talks-with-growth-capital-spac","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157248556","content_text":"Transaction would value company at $1.5 billion including debt\nCepton lidar deal in July is said to have been with GM\n\nAutomotive technology company Cepton Technologies Inc. is in discussions to go public through a reverse merger with a blank-check company, according to people familiar with the matter.\nThe San Jose, California-based startup is seeking to combine with Growth Capital Acquisition Corp. in a deal that is valued at about $1.5 billion including debt, said one of the people, who asked not to be identified because the matter is private.\nA deal for Cepton, which makes the so-called lidar technology that tracks a vehicle’s external environment, is expected to be announced as soon as this week, the people said. A final agreement hasn’t been reached and talks could still end without one, they said.\nRepresentatives for Cepton and Growth Capital declined to comment.\nCepton said in a statement last month that it secured a lidar production award with a Detroit-based global automotive manufacturer in a partnership with Japan’s Koito Manufacturing Co., which is also an investor.\nThat automaker is General Motors Co., according to people who asked not to be identified because the information was private. A GM spokesperson didn’t respond to requests for comment.\nCepton would be the latest in a string of lidar technology startups to go public via a special purpose acquisition company, or SPAC. That group includes Luminar Technologies Inc.,Velodyne Lidar Inc.andInnoviz Technologies Ltd.\nLidar is among the most expensive components of autonomous vehicles and is key to enabling more advanced self-driving features. With the promise of fully autonomous robotaxis still years away, lidar companies are targeting more-limited features in passenger cars and products such as industrial robots and consumer devices.\nCepton, started in 2016, is run by co-founder and Chief Executive Officer Jun Pei, who also previously worked at Velodyne, according to the company’s website.\nGrowth Capital raised $172.5 million in its initial public offering in January. It was founded by executives from Nautilus Energy Management, Maxim Group and Hudson Bay Capital. Growth Capital’s co-chief executive officers, Prokopios Tsirigakis and George Syllantavos, previously led three blank-check companies that consummated deals, including a 2018 transaction that created Phunware Inc., according to the SPAC’s filings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":269,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}