Growth Capital Acquisition Corp.
GCACW
NASDAQ Capital Market0.50
USD
-0.01
- -
CIK
0001498233
Return %
Stock
S&P500
1Y
- -
18.02
3Y
- -
64.11
5Y
-16.67
72.15
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Prokopios N. Tsirigakis
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- The Chrysler Building New York City NY United States of America
- IPO Date
- Mar 22, 2021
- CIK
- 0001498233
- Similar Companies
- Business
- Growth Capital Acquisition Corp is a Delaware-based special purpose acquisition company (SPAC) formed to effect mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with entities in various industries and geographic regions. Its primary business activity is to facilitate business combinations, serving as a blank check company to identify and merge with a target company. Growth Capital Acquisition Corp notably completed a major business combination with Cepton Technologies, Inc., a Silicon Valley innovator specializing in lidar-based solutions for automotive advanced driver-assistance systems (ADAS), autonomous vehicles (AV), smart cities, smart industrial applications, and smart spaces. Cepton utilizes its patented Micro Motion Technology (MMT®) to deliver scalable and intelligent 3D perception solutions with a balanced approach to performance, cost, and reliability. The combined company is publicly listed and continues operations under the Cepton name following the transaction closed in mid-2024. The company’s latest significant development includes the approval and completion of the business combination with Cepton Technologies, valued at approximately $1.5 billion in enterprise value, positioning Growth Capital Acquisition Corp as a key player in advancing ADAS and autonomous vehicle technology through its merger partner. Cepton maintains engagements with the top 10 global automotive original equipment manufacturers (OEMs), securing the largest known ADAS lidar production awards in the industry and ongoing contract developments. Growth Capital Acquisition Corp continues its strategic focus on technology-driven business combinations in sectors including automotive technology, smart infrastructure, and industrial automation. Founded as a SPAC with headquarters in Delaware, Growth Capital Acquisition Corp operates primarily in the U.S. capital markets facilitating strategic acquisitions. Its business model targets technology companies with growth potential, leveraging capital markets to accelerate development and public listing. The company operates under the leadership of Co-Chief Executive Officers Akis Tsirigakis and George Syllantavos. Its strategy includes identifying early market leaders with innovative products and services that set trends in their sectors, as exemplified by the Cepton merger and ongoing focus on automotive and smart sensor technologies. This positions Growth Capital Acquisition Corp as a specialized vehicle for growth capital deployment into high-tech industries. In summary, Growth Capital Acquisition Corp functions principally as a SPAC focusing on mergers with technology-oriented companies, with its latest and most prominent transaction being the merger with Cepton Technologies, a lidar technology developer for automotive and smart infrastructure markets, thereby expanding its footprint in automotive safety, autonomous systems, and smart city applications. The company remains active in seeking further strategic business combinations to broaden its industry reach and maximize shareholder value.