Cepton announces 1-for-10 reverse stock split effective Sept 21, 2023

Cepton, Inc.

Reverse stock split at 1-for-10 ratio effective 5:00 p.m. ET on Sept 21, 2023.
Authorized common shares reduced from 350 million to 35 million; preferred unchanged.
No fractional shares issued; stockholders get cash in lieu via aggregated sale.
Warrant exercise price adjusted to $115.00 per share; CUSIP for common changes to 15673X200.
Split-adjusted trading begins Sept 22 under same ticker CPTN on Nasdaq.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Cepton, Inc.: Certificate of Amendment to effectuate a 1-for-10 reverse stock split and reduce authorized shares of common stock from 350,000,000 to 35,000,000 (effective 2023-09-21).

Change: charter amendment
Effective: 2023-09-21

Exact text from the filing

On September 18, 2023, Cepton, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Certificate of Amendment ”) to its Second Amended and Restated Certificate of Incorporation to effectuate a reverse stock split of the Company’s common stock, par value $0.00001 per share (the “ Common Stock ”).

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Source: SEC EDGAR

accession 0001498233-23-000074

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