 ATHENS, Greece, Feb. 02, 2021 GLOBE NEWSWIRE -- Growth Capital Acquisition Corp. NASDAQ: GCACU Growth Capital or the Company today announced the closing of its initial public offering of 17,250,000 units, which included 2,250,000 units sold upon the full exercise of the underwriters over-allotment option, at a price of 10.00 per unit, resulting in total gross proceeds of 172.5 million. The units commenced trading on the Nasdaq Capital Market Nasdaq on January 29, 2021 under the symbol GCACU. Each unit consisted of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of 11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on the Nasdaq under the symbols GCAC and GCACW, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 