Growth Capital Acquisition Corp. (GCAC) to Combine with Cepton Technologies in $1.5Bn Deal

Growth Capital (NASDAQ:GCAC) has entered into a definitive agreement to combine with lidar-maker Cepton at an enterprise value of about $1.5 billion, or 1.8x its 2025E revenue. San Jose, California-based Cepton is developing lidar arrays for autonomous driving and applications in smart cities and industrial settings. The combined company is expected to trade on the
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