Saxena White P.A. is pleased to announce that on December 24, 2025, the United States District Court for the Northern District of California appointed Yueqiang Wang, Tranquil Star Holdings, Inc., and James Ding as Lead Plaintiff and Saxena White P.A. as Co-Lead Counsel in the securities class action against Cepton, Inc. in connection with the “take-private” acquisition (i.e., the merger) of Koito Manufacturing Co., Ltd.

The action alleges that Defendants made false assurances about the fair value of Cepton’s common stock and failed to provide Cepton shareholders with adequate disclosure of all material information related to the merger. The action further alleges that, between July 29, 2024 and January 7, 2025 (the class period), Defendants misled Cepton shareholders into selling Cepton common stock, at a price that was materially below the fair value of their shares, by failing to disclose that: (i) Cepton had received a credible third-party proposal valuing Cepton at more than double the merger price; (ii) Cepton’s Board of Directors failed to explore the third party proposal and concealed its terms; and (iii) Cepton had received a new production award days before the Special Committee approved the merger. As a result of the foregoing, the $3.17 per share merger consideration shortchanged the true value of Cepton common stock, and Cepton shareholders were deprived of crucial information when considering whether to vote in favor of the merger.