secwatch.observer — SEC 8-K summary
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Issuer:     Cepton, Inc. (—)
CIK:        0001498233
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001498233-23-000024
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

Cepton receives Nasdaq bid price deficiency notice; 180-day cure period until Oct 10, 2023
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- Nasdaq notified Cepton on April 13, 2023, that its common stock failed to maintain $1.00 minimum bid for 30 consecutive business days.
- Company has until October 10, 2023 to regain compliance by closing at $1.00+ for 10 consecutive business days.
- If not cured, Cepton may qualify for an additional 180-day period if it meets other listing requirements and plans a reverse stock split.
- Failure to cure could lead to delisting from The Nasdaq Capital Market; Cepton may appeal any delisting determination.
- Cepton is considering options to regain compliance; stock continues trading under CPTN on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1498233/000149823323000024/0001498233-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1498233/000149823323000024/cptn-20230414.htm
  HTML page:      https://secwatch.observer/filing/0001498233-23-000024

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