Cepton Inc (NASDAQ:CPTN) told investors that the 1-for-10 reverse stock split of its common stock has become effective and its shares will begin trading on a split-adjusted basis on the Nasdaq at the opening of trading on September 22, 2023, under the existing symbol "CPTN" and new CUSIP number 15673X200.
The terms of outstanding warrants and equity-based awards have been adjusted proportionately, the company added in a statement.