O’Melveny Advises Cepton in Combination with Growth Capital Acquisition CorporationAugust 09, 2021
FOR IMMEDIATE RELEASE
SILICON VALLEY—August 9, 2021—An O’Melveny corporate team advised Cepton Technologies, Inc., a Silicon Valley innovator in high performance MMT® lidar solutions, in its business combination agreement with Growth Capital Acquisition Corp., a publicly traded special purpose acquisition company (SPAC), and related concurrent private placement.
The transaction values Cepton at approximately $1.5 billion in enterprise value. Upon the closing of the transaction, the combined company will be publicly traded and renamed “Cepton, Inc.” It is expected to be listed on the Nasdaq stock exchange under the new ticker symbol “CPTN.”
O’Melveny has represented Cepton since its incorporation in 2016 and handled all aspects of this transaction. The O’Melveny team was led by corporate and capital markets partners Paul Sieben, Noah Kornblith, and Jeeho Lee, and included counsels Viqar Shariff and Martin Mayo, and associates Cindy Navarro, Deepa Kollipara, Andrew Montalbano, and Katie Schmidt.
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