Cepton Technologies, Inc. entered into subscription agreement to issue 5,850,000 Class A shares at the price of $10 per share for gross proceeds of $58,500,000 on August 4, 2021. The transaction will be fully committed and anchored by existing investor Koito Manufacturing Co., Ltd. The transaction may include certain other qualified institutional buyers and certain other accredited investors. The par value of the shares is $0.0001.

The transaction is expected to close in fourth quarter of 2021.