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Stock impact report

Altman-Backed SPAC That's Targeting Nuclear Firm Has Surged 22% [Yahoo! Finance]

AltC Acquisition Corp. Class A (ALCC) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Texas Toll Road Takeover to Cost Taxpayers at Least $1.7 Billion Apple Explores Home Robotics as Potential ‘Next Big Thing' After Car Fizzles Kim Jong Un Faces Annihilation in Most Korea War Scenarios Stocks Hit by Fedspeak and Oil in Run-Up to Jobs: Markets Wrap Saudi Crown Prince MBS's $100 Billion Foreign Investment Quest Falters 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. 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 inclu Show less Read more
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