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SPAC · Merger completed

AltC Acquisition Corp.

Business combination with Oklo Inc.

AltC Acquisition Corp. is a blank-check company (SPAC) that raised $450M in its initial public offering on Jul 9, 2021, listing on New York Stock Exchange. It completed its business combination with Oklo Inc. on May 9, 2024; the combined company is Oklo Inc. (OKLO). Strategic Partners led the IPO. Weil, Gotshal & Manges advised the SPAC and White & Case advised the underwriters on the IPO.

Oklo Inc. plans to commercialize liquid metal fast reactor technology through its Aurora powerhouse, designed to produce up to 15 megawatts of electricity from recycled nuclear fuel or fresh fuel. It has reached deployment and regulatory milestones, including a site use permit.

Status
Merger completed
IPO date
Jul 9, 2021
IPO size
$450M
IPO exchange
New York Stock Exchange
Target
Oklo Inc. (Legacy Oklo)
Announced
Jul 11, 2023
Closed
May 9, 2024
Combined company
Oklo Inc. (OKLO)
IPO underwriters
Strategic Partners
SPAC counsel (IPO)
Weil, Gotshal & Manges
Underwriters' counsel (IPO)
White & Case

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