Cepton to consolidate shares with 1-for-10 reverse stock split

Cepton announced has approved a 1-for-10 reverse stock split of its common stock, par value $0.00001 per share that is expected to become effective on Thursday, September 21, 2023 at 5:00 p.m. Eastern Time. The company’s Common Stock is expected to begin trading on a split-adjusted basis on the Nasdaq Stock Market at the open of trading on September 22, 2023 under the existing symbol “CPTN” and new CUSIP number 15673X200. At Cepton’s special meeting of stockholders on September 7, 2023, stockholders approved the proposal to authorize the Board to effect a reverse split at a ratio ranging from 1-for-5 to 1-for-20.