Welcome to our dedicated page for AltC Acquisition news (Ticker: ALCC), a resource for investors and traders seeking the latest updates and insights on AltC Acquisition stock.
This page contains historical news coverage for AltC Acquisition Corp (ALCC), a Special Purpose Acquisition Company that completed a business combination with Oklo Inc., an advanced fission technology company. The news archive documents the SPAC's formation, stockholder approval process, and merger completion that transformed ALCC into a publicly traded nuclear energy technology enterprise.
Historical news items cover key milestones including the initial public offering, business combination announcement, regulatory filings with the SEC, and stockholder meeting outcomes. Following the merger, coverage shifts to Oklo's operational developments including Department of Energy approvals, land rights agreements, technical testing milestones with Argonne National Laboratory, and selection for clean power projects.
The news archive provides context on how the SPAC transaction unfolded, from initial merger announcement through final approval and operational transition. Investors researching the company's history can review coverage of thermal-hydraulic testing achievements, safety design strategy approvals, and investor communications that marked the transformation from blank-check company to nuclear technology developer.
Browse this archive to understand the timeline of events that brought Oklo to public markets through the SPAC structure, including regulatory milestones, technical partnerships, and corporate developments that occurred before and after the business combination.
Oklo, a clean power technology and nuclear fuel recycling company, has filed a registration statement on Form S-1 with the U.S. SEC. This filing registers 62,440,080 shares of common stock that are currently unregistered for resale. These shares were previously detailed in a Form S-4 tied to Oklo's initial business combination. The filed registration does not register new shares for public issuance and does not create freely tradable shares immediately. All shares are subject to lock-up restrictions or performance vesting requirements. Shares held by Oklo's management and AltC Acquisition Sponsor are restricted, expiring in tranches over three years. The S-1 registration is not yet effective and may change.
Oklo, a company specializing in fast fission clean power technology and nuclear fuel recycling, has announced its participation in several notable upcoming investor conferences. These include the Evercore Global Clean Energy & Transition Technologies Summit on June 11-12, 2024, and the JP Morgan Energy, Power and Renewables Conference on June 17-18, 2024, both in New York. Oklo will also attend the Canaccord Genuity 44th Annual Growth Conference in Boston on August 13-15, 2024, and the Needham & Co. Industrial Tech, Robotics & Clean Tech 1x1 Conference on August 19-20, 2024, which will be held virtually. Interested parties can visit the Oklo Investor Events page or contact investors@oklo.com for more information.
Oklo, a company specializing in fast fission clean power technology and nuclear fuel recycling, has partnered with Wyoming Hyperscale to deliver 100 megawatts of clean power to a new data center campus. They have signed a non-binding letter of intent to collaborate on a 20-year Power Purchase Agreement. This partnership aims to address the growing demand for electricity driven by global digitalization and AI adoption. Both companies are committed to providing sustainable and efficient energy solutions. The announcement underscores Oklo's dedication to advancing sustainable energy practices and supporting high-efficiency operations within the data center industry.
AltC Acquisition Corp. stockholders approved a business combination with Oklo, a clean power technology company, resulting in over $306 million of gross proceeds for Oklo. The business combination is expected to close on May 9, 2024. Sam Altman will serve as the chairman of the newly appointed board of directors for Oklo.
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