VLDR - Lidar maker Cepton Technologies is said in talks to go public through SPAC Growth Capital

Lidar maker Cepton Technologies is said in talks to go public through a deal with SPAC Growth Capital Acquisition (NASDAQ:GCAC). Growth Capital rose 0.8% in after hours trading. The transaction is expected to value the company at about $1.5B, according to a Bloomberg report. A deal for the lidar maker may be announced as soon as this week. Cepton would follow several other makers of lidar who have come public through SPAC deals including Velodyne Lidar (NASDAQ:VLDR), Luminar Technologies (NASDAQ:LAZR), Innoviz Technologies (NASDAQ:INVZ) and Aeva Technologies (NYSE:AEVA). Lidar senor company Quanergy announced a deal to go public through a deal with SPAC CITIC Capital Acquisition (NYSE:CCAC) in June. Recall late Jan., Growth Capital Acquisition (GCAC) priced upsized $150M IPO.

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Lidar maker Cepton Technologies is said in talks to go public through SPAC Growth Capital