AltC SPAC to acquire nuclear reactor company Oklo Inc. in stock deal valued at $850M

Oklo Inc.

Merger consideration of $850M plus any Permitted Financing; paid in ALCC shares at $10.00 per share.
Up to 15M earnout shares tied to stock price targets of $10, $12, $14, $16 over 5 years.
Sponsor commits up to $50M backstop; lockup provisions with tiered vesting based on price thresholds.
Closing conditions include at least $250M cash in trust, HSR clearance, NRC no adverse communication.
Stockholders must approve extension of SPAC deadline beyond Oct 12, 2023 to permit closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Oklo Inc. entered into Agreement and Plan of Merger and Reorganization with AltC Acquisition Corp., AltC Merger Sub, Inc., and Oklo Inc. valued at $850,000,000 (effective 2023-07-11).

Action: entry
Agreement: merger
Counterparty: AltC Acquisition Corp., AltC Merger Sub, Inc., and Oklo Inc.
Value: $850,000,000
Effective: 2023-07-11

Exact text from the filing

On July 11, 2023, AltC Acquisition Corp. (“ AltC ”) entered into an Agreement and Plan of Merger and Reorganization (the “ Merger Agreement ”) by and among AltC, AltC Merger Sub, Inc., a Delaware corporation and direct, wholly owned subsidiary of AltC (“ Merger Sub ”), and Oklo Inc., a Delaware corporation (the “ Company ”).

View on SEC.gov

Browse all material agreements →

Oklo Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-079837

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.