Core Points - AltC Acquisition Corp. has received nearly unanimous approval from its stockholders for the business combination with Oklo Inc., with approximately 72.7% of outstanding shares voting in favor [1] - The transaction is expected to close on May 9, 2024, and Oklo will receive over $306 million in gross proceeds, which will significantly strengthen its financial position [1][2] - A new board of directors has been appointed, with Sam Altman serving as chairman, alongside other industry leaders with extensive experience [1] Company Overview - Oklo Inc. is focused on developing fast fission power plants aimed at providing clean, reliable, and affordable energy at scale [4] - The company has received regulatory approvals and is collaborating with the U.S. Department of Energy on advanced fuel recycling technologies [4] - Oklo's Aurora powerhouse offering has garnered strong customer interest, targeting sectors such as artificial intelligence, data centers, and defense [2] Transaction Details - The business combination will result in Oklo Inc. being listed on the New York Stock Exchange under the ticker symbol "OKLO" starting May 10, 2024 [2] - The transaction includes a recent $25 million customer prepayment, further enhancing Oklo's balance sheet [2]

Core Viewpoint - AltC Acquisition Corp. and Oklo Inc. are moving forward with a proposed business combination, with a special meeting scheduled for May 7, 2024, to seek stockholder approval for the transaction [1][2]. Group 1: Business Combination Details - The special meeting will allow AltC stockholders, as of April 5, 2024, to vote on the proposed transaction [2]. - The AltC Board of Directors unanimously recommends that stockholders vote "FOR" the transaction proposal [2]. - If approved, the transaction is expected to close shortly after the special meeting, with the combined company operating as Oklo and listed on the NYSE under the ticker symbol "OKLO" [3][4]. Group 2: Oklo's Business Momentum - Since the announcement of the transaction, Oklo has signed major non-binding Letters of Intent and Memorandums of Understanding with Equinix and Diamondback Energy [1]. - Oklo has formed a significant partnership with Centrus Energy Corp. for the development and operation of its Aurora powerhouses, particularly regarding fuel supply [1]. - The U.S. Department of Energy has approved the Safety Design Strategy for Oklo's Aurora Fuel Fabrication Facility, marking a key step in the approval process [1]. Group 3: Company Background - Oklo is focused on developing fast fission power plants to provide clean, reliable, and affordable energy at scale [4]. - The company has received a site use permit from the U.S. Department of Energy and is working on advanced fuel recycling technologies in collaboration with U.S. national laboratories [4]. - AltC was formed to effect a merger or similar business combination with one or more businesses [5].

Merger and Business Combination - The company entered into a merger agreement with Oklo on July 11, 2023, with an aggregate consideration of $850,000,000 plus additional net proceeds from Oklo's equity financing prior to closing [256][257]. - The merger is expected to be completed by July 12, 2024, following stockholder approval and satisfaction of other conditions [263]. - The company has extended the deadline for completing a business combination from October 12, 2023, to July 12, 2024 [263]. - The company has until July 12, 2024, to complete its initial business combination, or it will face mandatory liquidation [277]. Financial Performance - For the year ended December 31, 2023, the company reported a net income of $11,868,205, driven by interest income of $22,231,067 from marketable securities [265]. - Cash used in operating activities for the year ended December 31, 2023, was $10,844,603, reflecting the company's operational costs [269]. - The company had cash held in the trust account of $303,560,538 as of December 31, 2023, including $12,055,328 of interest income [271]. - As of December 31, 2023, the company had cash of $1,628,692 available for identifying and evaluating target businesses [274]. - The company may need to raise additional capital through loans or investments, with substantial doubt about its ability to continue as a going concern if a business combination is not completed by July 12, 2024 [276]. Initial Public Offering - The company completed its Initial Public Offering on July 12, 2021, raising gross proceeds of $500,000,000 from the sale of 50,000,000 Public Shares [267]. - The company has incurred $26,652,125 in transaction costs related to the Initial Public Offering, including $8,580,000 in underwriting fees [268]. - In October and November 2023, underwriting fees waived by BofA Securities, Goldman Sachs, and J.P. Morgan totaled approximately $10.5 million, with a remaining $7.0 million deferred fee contingent on the completion of a business combination [281]. Accounting and Financial Reporting - The company has not identified any critical accounting estimates that could materially differ from actual results [282]. - The company is reviewing the impact of ASU No. 2023-09, which will require additional disclosures in income tax reconciliations starting after December 15, 2024 [285]. - The company does not believe that any recently issued accounting standards will have a material effect on its financial statements [286]. - The company has no off-balance sheet financing arrangements as of December 31, 2023, and does not participate in transactions with unconsolidated entities [278]. - The company has not entered into any off-balance sheet financing arrangements or established special purpose entities [278]. - Class A common stock subject to possible redemption is classified as temporary equity and presented at redemption value outside of stockholders' deficit [283]. Administrative Expenses - The company has agreed to pay an affiliate of the Sponsor a total of $30,000 per month for office space and administrative services [280].

Core Insights - Oklo Inc. has successfully completed the second phase of the Thermal Hydraulic Experimental Test Article (THETA) testing campaign in collaboration with Argonne National Laboratory, focusing on the thermal-hydraulic behavior of its fast fission reactor design [1][2] - The THETA testing campaign aims to optimize reactor design and improve safety and economic potential for Oklo's fast fission technology [1][2] Company Overview - Oklo is developing fast fission power plants to provide clean, reliable, and affordable energy at scale, having received a site use permit from the U.S. Department of Energy and awarded fuel material from Idaho National Laboratory [3] - The company has submitted the first advanced fission custom combined license application to the Nuclear Regulatory Commission and is developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories [3] Business Combination - On July 11, 2023, Oklo announced a definitive business combination agreement with AltC Acquisition Corp., which will result in the combined company being listed on the New York Stock Exchange under the ticker symbol "OKLO" upon closing [3]

Core Insights - Oklo Inc. has signed a land rights agreement with the Southern Ohio Diversification Initiative (SODI) for the potential siting of two powerhouses in Southern Ohio, marking a significant step in the development of the U.S. nuclear industry [1][2][3] - The agreement builds on a previous announcement in May 2023 and emphasizes Oklo's commitment to local community engagement and economic development [1][2][3] Company Overview - Oklo Inc. is focused on developing advanced fission power plants aimed at providing clean, reliable, and affordable energy at scale [4] - The company has received a site use permit from the U.S. Department of Energy and is actively working on advanced fuel recycling technologies in collaboration with the DOE and U.S. National Laboratories [4] - Oklo is in the process of a business combination with AltC Acquisition Corp., which will result in Oklo being listed on the New York Stock Exchange under the ticker symbol "OKLO" [4] Partnership and Community Impact - The partnership with SODI is intended to enhance economic opportunities and job creation in the Piketon region, leveraging the area's talent and infrastructure [3] - SODI's mission is to improve the quality of life for local citizens through economic diversification and the development of underutilized land, particularly the former Portsmouth Gaseous Diffusion Plant site [2][3] - The collaboration is seen as a model for public-private partnerships that can drive forward innovative energy solutions [3]

Core Points - Oklo Inc. has received approval from the U.S. Department of Energy (DOE) for the Safety Design Strategy (SDS) for its Aurora Fuel Fabrication Facility, which is a significant step towards the development of advanced fission power plants [1][2][3] Company Overview - Oklo Inc. is focused on developing fast fission power plants aimed at providing clean, reliable, and affordable energy at scale [4] - The company has been awarded fuel material from Idaho National Laboratory (INL) and is working on advanced fuel recycling technologies in collaboration with the DOE and U.S. National Laboratories [4] Project Development - The Aurora Fuel Fabrication Facility is designed to demonstrate the reuse of recovered nuclear material to support Oklo's planned commercial advanced fission power plant demonstration at INL [1][2] - The SDS approval is part of a comprehensive DOE approval process, with the next phase involving the Conceptual Safety Design Report (CSDR) [3] - Oklo aims to bring its commercial advanced fission power plant online in the U.S. with a provisional site and fuel already in place [3] Strategic Partnerships - Oklo was selected for access to fuel material through a competitive process initiated by INL in 2019, aimed at accelerating the deployment of commercially viable reactors [2] - The collaboration with Battelle Energy Alliance, the operator of INL, is crucial for the development of advanced fission technologies [3] Business Combination - On July 11, 2023, Oklo announced a definitive business combination agreement with AltC Acquisition Corp., which will result in the combined company being listed on the New York Stock Exchange under the ticker symbol "OKLO" [4]

Company Overview - Oklo Inc. is focused on developing fast fission power plants to deliver clean, reliable, and affordable energy at scale [3] - The company has received a site use permit from the U.S. Department of Energy and has been awarded fuel material from Idaho National Laboratory [3] - Oklo has submitted the first advanced fission custom combined license application to the Nuclear Regulatory Commission and is working on advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and national laboratories [3] Upcoming Events - Oklo will host an Investor Day on February 2, 2024, from 9:00 a.m. to 11:30 a.m. ET, featuring commentary from senior leaders on the business model, technology, and operational developments [1] - The event will be streamed live from New York and will be available for replay on Oklo's website [1] Business Combination - Oklo has entered into a definitive business combination agreement with AltC Acquisition Corp., a special purpose acquisition company, with the transaction expected to close in early 2024 [2] - Upon completion, the combined company will operate as Oklo and is anticipated to be listed on the New York Stock Exchange under the ticker "OKLO" [2]

Merger and Acquisition - The proposed merger with Oklo is expected to involve an aggregate consideration of $850,000,000 plus additional net proceeds from Oklo's equity financing prior to closing[118]. - The Company has extended the deadline to complete a Business Combination from October 12, 2023, to July 12, 2024, following stockholder approval[128]. - The Company has until July 12, 2024, to complete its initial business combination, or it will face mandatory liquidation[145]. Financial Performance - The Company reported a net income of $2,418,722 for the three months ended September 30, 2023, compared to $1,474,130 for the same period in 2022, reflecting an increase of approximately 64%[130][131]. - For the nine months ended September 30, 2023, the Company achieved a net income of $9,291,832, significantly higher than the $1,140,255 reported for the same period in 2022[132][133]. - For the nine months ended September 30, 2022, net income was $1,140,255, influenced by interest earned on marketable securities of $3,184,242[138]. Initial Public Offering - The Initial Public Offering generated gross proceeds of $500,000,000 from the sale of 50,000,000 Public Shares at $10.00 per share[134]. - The Company incurred total transaction costs of $26,652,125 related to the Initial Public Offering, including $8,580,000 in underwriting fees[136]. - The underwriters are entitled to a deferred fee of $0.35 per Public Share, totaling $17,500,000, payable only if a business combination is completed[148]. Cash and Operating Activities - Cash used in operating activities for the nine months ended September 30, 2023, was $7,680,364, with net income impacted by interest earned of $17,925,167[137]. - The Company has not generated any operating revenues to date and relies on interest income from cash and marketable securities held in the Trust Account[129]. - As of September 30, 2023, cash held in the Trust Account was $518,212,824, including $18,212,824 of interest income[139]. - The Company withdrew $4,852,423 from the Trust Account for tax liabilities during the three and nine months ended September 30, 2023[139]. - The Company had cash of $1,749,418 outside the Trust Account as of September 30, 2023, intended for evaluating target businesses and transaction costs[141]. - Cash used in operating activities for the nine months ended September 30, 2022, was $747,869, with changes in operating assets and liabilities providing $1,241,292[138]. Future Capital Needs - The Company plans to issue up to 15,000,000 additional shares of Class A common stock during the Earnout Period based on specific price targets[120]. - The Sponsor has committed to purchase up to 5,000,000 shares of Class A common stock at $10.00 per share, totaling up to $50,000,000[125]. - The Company may need to raise additional capital through loans or investments to meet working capital needs, raising concerns about its ability to continue as a going concern[143]. Other Financial Obligations - The Company agreed to pay $30,000 per month for office space and administrative services until the completion of a business combination or liquidation[147]. - Class A common stock subject to possible redemption is classified as temporary equity, reflecting the uncertainty of future events affecting redemption rights[150].

Financial Performance - For the three months ended June 30, 2023, the company reported a net income of $3,782,431, driven by interest earned on marketable securities of $5,862,881 and an unrealized gain of $52,854[120]. - For the six months ended June 30, 2023, the company achieved a net income of $6,873,110, with interest income from marketable securities totaling $11,279,715[121]. Marketable Securities - As of June 30, 2023, the company held marketable securities in the Trust Account amounting to $515,933,705, including $15,933,705 of interest income[129]. - Cash used in operating activities for the six months ended June 30, 2023, was $4,223,221, influenced by interest earned on marketable securities[127]. Initial Public Offering - The company completed its Initial Public Offering on July 12, 2021, raising gross proceeds of $500,000,000 from the sale of 50,000,000 Public Shares[125]. - The company incurred transaction costs of $26,652,125 related to the Initial Public Offering, which included $8,580,000 in underwriting fees[126]. Business Combination - The company has until October 12, 2023, to consummate a Business Combination, with uncertainty regarding the ability to do so[134]. - The company has $840,228 in cash available outside the Trust Account for operational purposes, including identifying and evaluating target businesses[131]. - The company has no off-balance sheet arrangements as of June 30, 2023, and does not participate in transactions with unconsolidated entities[135]. - The company agreed to pay $30,000 per month for office space and administrative services until the consummation of a Business Combination[136].

Financial Performance - For the three months ended March 31, 2023, the company reported a net income of $3,090,679, driven by interest earned on marketable securities of $5,416,834, offset by operating costs of $1,157,365 and a provision for income taxes of $1,115,936 [112]. - Cash used in operating activities for the three months ended March 31, 2023, was $678,937, with changes in operating assets and liabilities providing $1,888,448 of cash [117]. - The company has not generated any operating revenues to date and does not expect to do so until after completing a Business Combination [111]. Marketable Securities - As of March 31, 2023, the company held marketable securities in the Trust Account totaling $511,504,060, which includes approximately $11,504,060 of interest income [119]. - The company plans to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds allocated for working capital [120]. Initial Public Offering - The company completed its Initial Public Offering on July 12, 2021, raising gross proceeds of $500,000,000 from the sale of 50,000,000 Public Shares at $10.00 each [115]. - The company incurred transaction costs of $26,652,125 related to the Initial Public Offering, which included $8,580,000 in underwriting fees and $17,500,000 in deferred underwriting fees [116]. Business Combination Timeline - The company has until July 12, 2023, to consummate a Business Combination, with a potential extension to October 12, 2023, if certain conditions are met [124]. Cash Position - As of March 31, 2023, the company had cash of $2,898,422 available for operational purposes, primarily to identify and evaluate target businesses [121]. Off-Balance Sheet Arrangements - The company has no off-balance sheet arrangements or obligations as of March 31, 2023 [125].