Growth Capital Acquisition and Cepton Push Their Merger Deadline Back 8 Weeks

Growth Capital Acquisition Corp.

Growth Capital Acquisition in an 8-K filing said it and merger partner Cepton Technologies agreed to extend the outside date for completing the $1.5 billion deal from Feb. 4 until March 31.

Cepton is a Silicon Valley-based tech company focused on the mass-market commercialization of lidar solutions.

If approved, the merger transaction is expected to provide approximately $231 million in gross proceeds. Read more.

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