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AltC Acquisition Corp. Stock Price, News & Analysis

ALCC NYSE

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AltC Acquisition's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AltC Acquisition's position in the market.

Rhea-AI Summary

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.

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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.

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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.

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Rhea-AI Summary

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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FAQ

What is the current stock price of AltC Acquisition (ALCC)?

The current stock price of AltC Acquisition (ALCC) is $18.23 as of February 7, 2025.

What is the market cap of AltC Acquisition (ALCC)?

The market cap of AltC Acquisition (ALCC) is approximately 785.7M.

ALCC Rankings

ALCC Stock Data

785.71M
30.60M
Electric Services
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NEW YORK

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