Micro Cap Soars On Definitive Agreement Announcement

By: Tomas Ronolski - AllPennyStocks.com News

Monday, July 29, 2024

A tech firm out of California is making major waves on Monday after it was announced that it singed a definitive agreement to be acquired by Koito Manufacturing Co., Ltd, a leading automotive tier one supplier, of all of the outstanding capital stock of the Company not owned by Koito for $3.17 per share in an all-cash transaction.

This sent traders into a buying frenzy for shares of Cepton Inc. (Nasdaq:CPTN), with shares of the micro cap reaching $3.05/share (+20.55%) at the early session high. This move is a breath of fresh air for those who have been holding since May when the stock was near this level last.

Cepton Inc provides lidar-based solutions for a range of markets such as automotive, smart cities, smart spaces and smart industrial applications. The company's patented MMT-based lidar technology enables reliable, scalable and cost-effective solutions that deliver long range, high resolution 3D perception for smart applications.

Copyright © 2024 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

Acquisition News Sends Micro-Cap Rallying Over 70%

Strategic Partnership Highlights Cybersecurity in Telemedicine and Sends Shares Higher

New York Manufacturing Shows Weakening in December

Strategic Partnership Highlights Cybersecurity in Telemedicine and Sends Shares Higher

Silicon Battery Developer Moving Higher on Collaboration

Shares of AI Consulting Firm Rise on News of Incorporation in UAE

For Syria’s Economy, the Way Forward Starts With Sanctions Relief

New rules clarify when travellers are compensated for flight disruptions

AllPennyStocks.com Favorites

Alaska Governor Urges Trump to Reverse Biden's Resource Policies

Enable Free Access to Unlock Up to Two Articles Per Month.

Equities End Week Lower as Fed Cuts Rates But Signals A Slower Path for 2025

Enable Free Access to Unlock Up to Two Articles Per Month.

Monday's technical standout looks to be Lithium Americas Corp., which is displaying a Golden Cross (50 DMA / 200 DMA) with today’s move to $4.56.

Monday's largest penny Stock gainer on the Canadian Securities Exchange was The Tinley Beverage Company Inc, which rallied 166.67%, closing at $0.04.

Tinley Beverage Co Inc was an impressive gainer on the OTC Markets on Monday. Shares climbed 95.38%, settling at $0.0254.

Micro Cap Breaks Out Of Multi-Month Downtrend In Spectacular Fashion

Enable Free Access to Unlock Up to Two Articles Per Month.

This Micro Cap Is Setting Up For A Strong Finish To 2024

Enable Free Access to Unlock Up to Two Articles Per Month.

WANT TO UNLOCK ACCESS TO:

●Stock Picks

●Penny Stocks to Watch

●"By The Numbers" Data Analytics

●Market Commentary

●Watch Lists

And much more by becoming an AllPennyStocks.com Free Member.

Free Membership Has Its Perks!

By entering your email address, you agree to AllPennyStocks.com’s disclaimer and privacy policy.

Register via:

You understand that AllPennyStocks.com and its affiliates may use your address to send updates, ads and offers.

Go Back

Email Registration

By clicking on the "Start Viewing AllPennyStocks.com Pro Articles" button below, you are confirming that you understand and accept that the content we are showing you is not meant to be used as financial advice. This content is merely for educational purposes and shows our readers real-time examples of trading strategies based on technical and fundamental analysis principles, along with stock market commentary.

Investing in stocks is risky stuff, trust us on that one, and past performance may not be indicative of future performance.

We want everyone to enjoy this information for its educational value, and we remind everyone that we are not liable for losses or damages of any kind from trading based on our information. The only thing we will recommend is to consult with a financial advisor prior to making any trades.

With that said, if we're on the same page here and you agree to our disclaimer, click the button below and enjoy all of our AllPennyStocks.com Pro content.

© Copyright 2024 AllPennyStocks.com Media Inc. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes.
Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Data is provided by QuoteMedia.com.

Micro Cap Soars On Definitive Agreement Announcement

Other Penny Stock Movers

Acquisition News Sends Micro-Cap Rallying Over 70%

Strategic Partnership Highlights Cybersecurity in Telemedicine and Sends Shares Higher

New York Manufacturing Shows Weakening in December

Most Popular

AllPennyStocks.com Favorites