Altman-Backed SPAC That's Targeting Nuclear Firm Has Surged 22% [Financial Post (Toronto, Ontario, Canada)]
AltC Acquisition Corp. Class A (ALCC)
Company Research
Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Investors have piled into the blank-check firm backed by Sam Altman and Michael Klein that's taking a developer of advanced nuclear systems public, making it the top performing SPAC on the market. The 22% rally over the past two weeks has pushed AltC Acquisition Corp. to trade at the largest premium to its underlying value of special-purpose acquisition companies with deals lined up, SPAC Research data compiled by Bloomberg show. The blank-check firm is working to take Oklo Inc. public in a deal that values the company at about $850 million. Article content Article content AltC shares were trading as high as $13.70 each on Thursday, marking a record. AltC's gains have accelerated in recent days after the SPAC filed updated statements with US regulators, and Oklo executives have been promoting the company on a podcast and at conferences including
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News
- Special Meeting of AltC Acquisition Corp. Stockholders to Approve Business Combination with Oklo Scheduled for May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Special Meeting of AltC Acquisition Corp. Stockholders to Approve Business Combination with Oklo Scheduled for May 7, 2024PR Newswire
- Oklo Signs LOI to Supply 50 Megawatts of Power to Diamondback EnergyBusiness Wire
- Catalyst Watch: CPI reveal, big bank earnings & AI talk from Intel and Marvell [Seeking Alpha]Seeking Alpha
- Altman-Backed SPAC That's Targeting Nuclear Firm Has Surged 22% [Yahoo! Finance]Yahoo! Finance
ALCC
Sec Filings
- 4/29/24 - Form EFFECT
- 4/26/24 - Form 424B3
- 4/26/24 - Form 425
- ALCC's page on the SEC website