Business Wire: Cepton, Inc. Announces Agreement for US$100 Million Investment from Koito Manufacturing
October 27, 2022
O’Melveny & Myers LLP represented Cepton, Inc., a Silicon Valley innovator and leader in high performance lidar solutions, in connection with a US$100 million investment it received from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. The transaction was announced on October 27 and is expected to close in the first quarter of 2023, subject to further approval and other closing conditions. Under the terms of the agreement, Koito will purchase US$100 million of convertible preferred stock.
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