2024-05-07 05:34:26 ET
Summary
- Advanced fission power plant developer Oklo is going public through a merger with AltC Acquisition and will trade on the NYSE under the ticker "OKLO".
- Oklo aims to provide clean, reliable, and affordable energy through next-generation fast reactor technology and potential advanced fuel recycling.
- The merger is expected to provide up to $500 million in capital for Oklo to accelerate its business plan and fund the first deployment of the Aurora powerhouse.
Advanced fission power plant developer Oklo is set to trade on the NYSE. The Sam Altman-backed startup announced it would be going public through a $850 million merger with AltC Acquisition ( ALCC ) in July last year with the special purpose acquisition company scheduling the merger approval vote for May 7, less than a year from the merger announcement and following a series of operational wins. The company will trade under the "OKLO" ticker and join NuScale ( SMR ) in public markets looking for companies building a nuclear-based decarbonized energy grid of the future. Nuclear energy has long not had a dominant part in the narrative of decarbonization, subordinate to wind and solar despite being the single largest source of carbon-free electricity. ...
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For further details see:
Oklo: Go Nuclear And Go Large With Small Reactors