secwatch.observer — SEC 8-K summary
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Issuer:     Oklo Inc. (OKLO)
CIK:        0001849056
Form:       8-K
Filed at:   2023-07-11T23:59:59+00:00
Accession:  0001104659-23-079837
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849056/000110465923079837/0001104659-23-079837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849056/000110465923079837/tm2320952d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-079837

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer