Oklo enters new $1B at-the-market equity offering; terminates prior $1.5B ATM

Oklo Inc.

New ATM allows sales of up to $1B of Class A common stock through ten agents including Goldman Sachs and J.P. Morgan.
Commission to agents is up to 1.5% of gross proceeds per share sold.
Prior $1.5B ATM terminated; company had sold ~15.77M shares for ~$1.5B gross proceeds under that agreement.
Shares sold under new ATM will be issued under effective shelf registration statement (No. 333-291157).
No termination penalties incurred from ending the prior agreement.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Oklo Inc. terminated Equity Distribution Agreement with Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Barclays Capital Inc., TD Securities (USA) LLC, Guggenheim Securities, LLC, B. Riley Securities, Inc. and William Blair & Company, L.L.C. (effective 2026-05-13).

Action: termination
Agreement: atm program
Counterparty: Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Barclays Capital Inc., TD Securities (USA) LLC, Guggenheim Securities, LLC, B. Riley Securities, Inc. and William Blair & Company, L.L.C.
Effective: 2026-05-13

Exact text from the filing

On May 13, 2026, the Company delivered written notice of its intention to terminate the Equity Distribution Agreement, dated as of December 4, 2025 (the “Prior Sales Agreement”), by and among the Company and each of Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, Barclays Capital Inc., TD Securities (USA) LLC, Guggenheim Securities, LLC, B. Riley Securities, Inc. and William Blair & Company, L.L.C.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Oklo Inc. entered into Sales Agreement with Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Cantor Fitzgerald & Co., Guggenheim Securities, LLC, Canaccord Genuity LLC and William Blair & Company, L.L.C. valued at aggregate gross sales proceeds of up to $1,000,000,000 (effective 2026-05-13).

Action: entry
Agreement: atm program
Counterparty: Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Cantor Fitzgerald & Co., Guggenheim Securities, LLC, Canaccord Genuity LLC and William Blair & Company, L.L.C.
Value: aggregate gross sales proceeds of up to $1,000,000,000
Effective: 2026-05-13

Exact text from the filing

On May 13, 2026, Oklo Inc. (the “Company”) entered into an equity distribution agreement (the “Sales Agreement”) with Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc., Cantor Fitzgerald & Co., Guggenheim Securities, LLC, Canaccord Genuity LLC and William Blair & Company, L.L.C. under which the Company may offer and sell, from time to time in its sole discretion, shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), with aggregate gross sales proceeds of up to $1,000,000,000

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Oklo Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-060385

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