AltC Acquisition Corp. closes $500M IPO, $500M placed in trust

Oklo Inc.

IPO of 50M shares at $10.00 per share, including full over-allotment, gross proceeds of $500M.
Private placement of 1.45M shares to sponsor AltC Sponsor LLC at $1.00 per share, gross proceeds $14.5M.
$500M deposited in trust account with Continental Stock Transfer & Trust Co. as trustee.
Audited balance sheet shows total assets $505.3M, Class A stock subject to redemption $482.7M, equity $5.0M.
Sponsor agreed to lock-up on private placement shares for 30 days after initial business combination.

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