Oklo Inc.
Develops Aurora fast-fission powerhouses to sell electricity and heat, and nuclear fuel recycling technology; also supplies radioisotopes.
Power, grid and thermal infrastructure suppliersSpecialty materials and critical-minerals supply chainIndependent Power and Renewable Electricity Producers ·NYSE: OKLO · merged with AltC Acquisition Corp. (ALCC) · closed 9 May 2024, listed
Oklo went public through its combination with AltC Acquisition Corp., which closed on 9 May 2024, after holders of 20,849,479 public shares redeemed at the October 2023 extension vote and 710 at the closing vote. Its $276.2 million of cash at closing all came from the trust, as the sponsor's backstop commitment was not funded. Legacy Oklo had no revenue in 2023; for 2025 the company reported no revenue and a net loss of $105.7 million, and at 30 June 2026 it held $1.64 billion of cash and cash equivalents.
As announced, illustrative
- Pre-money equity value
- $850M7
- Pro forma equity value
- Not disclosed
- Pro forma enterprise value
- Not disclosed
- Capital committed, Sponsor backstop commitment (Sponsor Agreement dated July 11, 2023) to buy up to 5,000,000 Class A shares at $10.00, funded only if Available Closing SPAC Cash fell below $250 million; not funded at closing, as presented 13 May 2024
- $50M5
- Assuming
- Assumes no AltC redemptions; $515,791,749 cash in trust as of June 30, 2023; $10 per share; $38M illustrative fees and expenses. Excludes potential Oklo earnout shares. PF ownership includes 6.25M unvested founder shares and excludes the remaining 6.25M founder shares. Pre-money equity value may increase for permitted pre-closing financings.10†
† Read from investor presentation
At closing
- Revenue, FY2023
- $0 (pre-revenue)1
- SPAC trust at IPO
- $500M2
- Trust cash kept at closing
- $276M4
- Financing funded at closing
- None5
- Cash at closing, before expenses
- $276M4
- Net cash at closing, after costs
- $263M6
- Financing funded before closing (not in cash at closing)
- Not disclosed
- Committed, not funded at closing
- Not disclosed
- Equity value at closing, common shares at $10.00
- $1.22B5
- Earn-out shares
- Contingent earnout shares for Legacy Oklo holders, in tranches of 7.5M/5.0M/2.5M vesting at $12.00/$14.00/$16.00 share price targets within five years5
- Other instrument
- Options: Class A shares reserved for exercise of Legacy Oklo options rolled over in the merger5
- Other instrument
- Unvested sponsor shares: founder Class B shares converted 1-for-1 into Class A and subject to performance vesting; included in shares outstanding5
Latest filings
This record is for informational purposes only. It is compiled from SEC filings and, for share prices, the named market-data provider, with the assistance of AI. Although checked against its sources, it may contain errors or omissions and has not been audited; where it differs from the original filings, the filings prevail. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Past performance does not indicate future results.