Growth Capital Acquisition Corp.
GCACU
NASDAQ Capital Market8.70
USD
-0.99
- -
Growth Capital Acquisition Corp.
GCACU
(NASDAQ Capital Market)
Recent
price
8.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Similar Companies
- Business
- Growth Capital Acquisition Corp. (GCACU) serves as a blank check company, or special purpose acquisition company, focused on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, targeting global emerging growth and lower-to-middle market companies with enterprise values between $300 million and $1.5 billion in niche market segments. The company offers securities structured as units comprising one Class A common share and one-half of a redeemable warrant exercisable at $11.50; following unit separation, these trade separately as common stock and warrants. Incorporated in Delaware and headquartered in New York, NY, Growth Capital Acquisition Corp. completed an upsized $172.5 million initial public offering in early 2021, raising proceeds from 17.25 million units at $10 each, with securities listing on Nasdaq Capital Market under GCACU, GCAC, and GCACW. In February 2022, stockholders approved and the company consummated a business combination with Cepton Technologies, Inc., a developer of lidar-based solutions for automotive advanced driver-assistance systems, smart cities, industrial applications, and other markets, in a reverse merger transaction valuing Cepton at an enterprise value of approximately $1.5 billion on a cash-free, debt-free basis; post-merger, the combined entity operates as Cepton, Inc. (Nasdaq: CPTN/CPTNW), with GCACU units subsequently delisted and Cepton securing a committed $100 million equity investment agreement with Lincoln Park Capital Fund and a private investment in public equity from KOITO Manufacturing to support growth. Led by co-chief executive officers Prokopios Tsirigakis and George Syllantavos, both experienced SPAC sponsors, the firm maintains operations primarily in the United States while pursuing targets worldwide.
Company News
Growth Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 22, 2021
Growth Capital Acquisition Corp. Announces Closing of $172.5 Million Upsized Initial Public Offering and Full Exercise of the Overallotment Option