Brief: Growth Capital Acquisition Corp Says On Jan 4, Cepton Technologies Entered Loan, Security Agreement With Trinity Capital Inc

Cepton

05/01/2022 21:53

Jan 5 (Reuters) - Growth Capital Acquisition Corp  GCAC.O :
    * GROWTH CAPITAL ACQUISITION CORP - ON JAN 4, CEPTON
TECHNOLOGIES
ENTERED INTO LOAN, SECURITY AGREEMENT WITH TRINITY CAPITAL INC
    * GROWTH CAPITAL ACQUISITION CORP - TRINITY CAPITAL HAS
AGREED TO
MAKE UP TO 3 ADVANCES TO CEPTON TECHNOLOGIES IN AN AMOUNT NOT TO
EXCEED $25 MILLION
    * GROWTH CAPITAL ACQUISITION CORP - AN INITIAL ADVANCE TO
CEPTON
IN AN ORIGINAL PRINCIPAL AMOUNT OF $10 MILLION WAS FUNDED ON
EFFECTIVE DATE
    * GROWTH CAPITAL ACQUISITION CORP - UP TO 2 MORE ADVANCES OF
$7.5
MILLION EACH/1 ADDITIONAL ADVANCE OF $15 MILLION, TO BE MADE
AVAILABLE PRIOR TO JULY 1, 2022

Further company coverage:  GCAC.O 

 ((Reuters.Briefs@thomsonreuters.com;))