Cepton, Inc. Faces Class Action Lawsuit Over Securities Fraud Claims by Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 04 2025
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Source: Globenewswire
- Class Action Initiated: Saxena White P.A. has filed a class action lawsuit against Cepton in the Northern District of California, alleging that the company failed to disclose critical information during the acquisition process, impacting shareholders' voting decisions and potentially leading to financial losses.
- Merger Price Controversy: The lawsuit claims that Cepton was acquired by Koito at $3.17 per share, while a third-party proposal valued the company at more than double this price, indicating that the merger price did not reflect Cepton's true value.
- Disclosure Failures: The lawsuit alleges that Cepton executives failed to disclose a new production award expected to generate $40 million in revenue over three years to the board, resulting in the financial advisor's fairness opinion not accounting for this award's value, thus affecting the merger's fairness.
- Shareholder Rights Affected: Due to the lack of transparency, shareholders were forced to sell their stocks at prices below the true value, which may have led to unfavorable decisions during the merger vote, ultimately harming their economic interests.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
