Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [Yahoo! Finance Canada]
AltC Acquisition Corp. Class A (ALCC)
Company Research
Source: Yahoo! Finance Canada
blank-check company sponsored by the OpenAI chief executive and serial dealmaker Michael Klein. Most Read from Bloomberg Oklo tumbled as much as 40% to $11 apiece in its debut on the New York Stock Exchange after completing a deal with AltC Acquisition Corp., which delivered more than $306 million in proceeds to the combined firm, according to a statement. The choppy debut came as more than two million shares changed hands in the first 20 minutes of the session, more than seven-times what's been typical in the opening minutes over the past month, with trading being halted for volatility at 9:44 a.m. ADVERTISEMENT The merger with the special-purpose acquisition company was announced in July and valued the firm at about $850 million. Retail investors then flocked to the stock, fueling a rough 75% rally in the lead up to Friday's debut, with shares holding above the $10 the SPAC was offered at. The stock's drop cut the company's valuation to roughly $1 billion as it clings onto a
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ALCC
News
- Oklo Signs MOU with Atomic Alchemy to Collaborate on Isotope Production [Yahoo! Finance]Yahoo! Finance
- Sam Altman-backed Nuclear Start-up Crashes After Wall Street Debut [Barron's]Barrons
- Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions [MSNBC.com]MSNBC.com
- Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Altman-Backed Oklo's Shares Slump in Debut After Hot SPAC Deal [BNN Bloomberg (Canada)]BNN Bloomberg
ALCC
Sec Filings
- 5/20/24 - Form SC
- 5/9/24 - Form 8-K
- 5/8/24 - Form 10-Q
- ALCC's page on the SEC website