Oklo (OKLO) Stock News

Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, has announced the pricing of its public offering of 6,666,667 shares of Class A common stock at $60.00 per share. The company expects to raise approximately $400 million in gross proceeds before deducting underwriting costs and expenses. Underwriters have a 30-day option to purchase up to an additional 1,000,000 shares. The offering is expected to close on June 16, 2025. Goldman Sachs & Co. LLC and BofA Securities are leading the offering as book-running managers, with Citigroup, J.P. Morgan, and UBS Investment Bank serving as additional bookrunners. The proceeds will be used for general corporate purposes, working capital, capital expenditures, and potential future investments.

Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, has announced a public offering of common stock worth $400 million. The company plans to grant underwriters a 30-day option to purchase an additional $60 million in shares. The proceeds will be used for general corporate purposes, working capital, capital expenditures, and potential future investments. Goldman Sachs and BofA Securities are leading the offering as book-running managers, with Citigroup and J.P. Morgan also serving as book-running managers. The offering is expected to close on June 16, 2025, subject to customary conditions and market factors. A registration statement has been filed with the SEC but is not yet effective.

Oklo Inc. (NYSE: OKLO) has received a Notice of Intent to Award from the Defense Logistics Agency Energy to provide clean power through its Aurora powerhouse at Eielson Air Force Base in Alaska. The project, serving as the Department of Air Force's microreactor pilot program, aims to enhance energy resilience for critical national security infrastructure. Under the anticipated agreement, Oklo will design, build, own, and operate the power plant, delivering both electricity and heat under a long-term power purchase agreement. The Aurora powerhouse design utilizes fast reactor technology to provide continuous, resilient energy that can operate independently from the grid, making it particularly suitable for remote installations like Eielson Air Force Base.

Oklo Inc. (NYSE: OKLO) has achieved a significant regulatory milestone as the U.S. Nuclear Regulatory Commission (NRC) begins reviewing its Licensed Operator Topical Report. This development follows Oklo's entry into the NRC's Readiness Assessment Audit for Phase 1 of its Combined License Application. The company is proposing an innovative licensing model for its Aurora powerhouse operators, allowing them to oversee multiple facilities from a central location, unlike traditional nuclear plants that require 24/7 onsite operators. This efficiency is made possible through automatic controls and inherent safety features of the Aurora technology. As Oklo follows a business model of selling power rather than power plants, the company maintains ownership and operational control of its powerhouses, aligning with their strategy for scalable deployment and streamlined licensing pathways.

Oklo (NYSE: OKLO) has expressed support for newly announced White House executive orders aimed at accelerating advanced nuclear energy development and strengthening U.S. nuclear fuel security. CEO Jacob DeWitte joined President Trump and other industry leaders at the White House for the signing ceremony. The executive orders focus on:

• Expediting approval and adoption of advanced nuclear technology
• Reforming the Nuclear Regulatory Commission (NRC)
• Restoring domestic nuclear supply chains
• Streamlining testing and licensing processes

Oklo, which develops fast fission power plants capable of recycling used nuclear material, holds unique positions including an active DOE site use permit, a fuel award through DOE/Idaho National Laboratory, and regulatory engagement with NRC for its first commercial power plant. The company's technology can utilize both fresh High-Assay Low-Enriched Uranium and recycled nuclear material.

Oklo (NYSE: OKLO) has signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) to collaborate on developing and deploying advanced nuclear technology globally. The partnership focuses on advancing the standard design and verification of Oklo's 75 MWe Aurora powerhouse, along with project development, manufacturability assessments, and supply chain development.

Oklo plans to deploy its Aurora powerhouse at the Idaho National Laboratory site and is progressing through licensing, with a Combined License Application (COLA) submission planned for later this year. The company has completed site characterization borehole drilling and has a growing order pipeline exceeding 14 GW. KHNP, which has been building nuclear power plants since 1971, will contribute its extensive experience in nuclear construction and operation to help accelerate Oklo's commercialization efforts.

Oklo (NYSE: OKLO) has appointed Pat Schweiger as its new Chief Technology Officer. Schweiger brings over 40 years of leadership experience in the energy sector, with extensive expertise in power engineering and nuclear technology. His background includes significant roles at notable companies, including serving as Chief Engineer at Commonwealth Fusion Systems, where he managed a 400+ person team and helped raise over $2 billion in private funding. Previously, as Senior Vice President of Engineering at TerraPower from 2010 to 2018, he established the engineering organization and led critical design integration efforts.

Schweiger's experience with sodium-cooled fast reactors, particularly at the Fast Flux Test Facility, aligns directly with Oklo's reactor design technology. Most recently, at Hedron Engineering and Consulting, he led teams working on thermal battery initiatives at MIT and supported small modular reactor projects.

Oklo Inc. (NYSE: OKLO), an advanced nuclear technology company, has announced it will release its financial results and business update for Q1 2025 (ended March 31, 2025). The company will host a conference call on May 13th, 2025, at 2:00 PM PT / 5:00 PM ET.

The call will feature presentations from CEO and Co-Founder Jacob DeWitte and CFO Craig Bealmear. Investors can access the webcast through the Events & Presentations section of Oklo's investor relations website, with the recording remaining available for 12 months after the event.

Oklo (OKLO) has achieved a crucial milestone by completing borehole drilling for site characterization at the Idaho National Laboratory site, where its first Aurora Powerhouse will be constructed. The project involved drilling multiple boreholes for comprehensive geotechnical assessments of subsurface conditions to validate site suitability and inform engineering design.

The collected data will be incorporated into Oklo's Combined License Application (COLA) to the U.S. Nuclear Regulatory Commission, which covers the design, construction, and operation of the Aurora powerhouse. Upon approval, the license will authorize Oklo to proceed with construction and operation of the plant.