AltC Acquisition files amended proxy for $850 million merger with Oklo
04/16/24, 2:34 PM
Location
Industry
renewable energy
energy
manufacturing
AltC Acquisition, co-founded by Sam Altman and Churchill Capital, filed an amended proxy and prospectus for its proposed $850 million merger with Oklo, an advanced fission power and nuclear fuel recycling company based in Santa Clara, CA. The terms of the deal include the issuance of nearly 94 million shares to Oklo, with an additional 15 million earnout shares to be issued based on certain performance targets.