Oklo, An Advanced Fission Technology Company, To Go Public Via Merger With AltC Acquisition Corp.
Portfolio Pulse from Happy Mohamed
Advanced fission technology company Oklo is set to go public through a merger with AltC Acquisition Corp. (ALCC). The deal values Oklo at $850 million and is expected to provide up to $500 million of gross capital to accelerate Oklo's business plan. The combined company will operate as Oklo and is expected to be listed on the NYSE under the ticker 'OKLO'.
July 11, 2023 | 1:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AltC Acquisition Corp. (ALCC) is merging with Oklo, a move that could provide up to $500 million of gross capital to accelerate Oklo's business plan. The combined company will be listed on the NYSE as 'OKLO'.
The merger with Oklo is a significant event for AltC Acquisition Corp. (ALCC) as it will provide substantial capital to accelerate Oklo's business plan. This could potentially increase the value of ALCC's shares in the short term as investors may see this as a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100