AltC Acquisition (ALCC) - 2025 Q2 - Quarterly Report

Cover Page and Filing Information Oklo Inc. is a non-accelerated filer, a smaller reporting company, and an emerging growth company - Oklo Inc. is a non-accelerated filer, a smaller reporting company, and an emerging growth company[6] - As of August 8, 2025, the company had 147,609,194 shares of Class A common stock outstanding[7] SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This quarterly report contains forward-looking statements regarding the company's business strategy, future revenue, market growth, capital requirements, product launches, expansion plans, and funding adequacy - This quarterly report contains forward-looking statements regarding the company's business strategy, future revenue, market growth, capital requirements, product launches, expansion plans, and funding adequacy[12] - Actual results may differ materially from expectations due to known and unknown risks, trends, uncertainties, and factors beyond the company's control[13] - Key risks and uncertainties include development and deployment risks of Oklo power plants, emerging market and regulatory uncertainties, financing needs, competitive impacts, fuel acquisition risks, supply chain risks, power purchase agreement risks, human capital, intellectual property, cybersecurity and data privacy risks, and changes in laws and regulations[14] PART I. FINANCIAL INFORMATION Item 1. Unaudited Financial Statements This section presents Oklo Inc.'s unaudited condensed consolidated financial statements and notes as of June 30, 2025 Condensed Consolidated Balance Sheets Condensed Consolidated Balance Sheets (thousands of dollars) | Metric | June 30, 2025 (thousands of dollars) | December 31, 2024 (thousands of dollars) | | :----------------------- | :----------------------------------- | :--------------------------------------- | | Assets | | | | Cash and cash equivalents| 226,771 | 97,132 | | Marketable debt securities| 456,194 | 178,155 | | Total assets | 731,084 | 281,736 | | Liabilities | | | | Total liabilities | 34,673 | 30,879 | | Stockholders' equity | | | | Capital stock | 696,411 | 250,857 | - As of June 30, 2025, total assets increased significantly to $731,084 thousand, up from $281,736 thousand on December 31, 2024, primarily due to substantial increases in cash and cash equivalents and marketable debt securities[19] Condensed Consolidated Statements of Operations Condensed Consolidated Statements of Operations (thousands of dollars) | Metric (thousands of dollars) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :---------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Research and development expenses| 11,468 | 10,719 | 19,314 | 14,379 | | General and administrative expenses| 16,547 | 7,052 | 26,575 | 10,762 | | Operating loss | (28,015) | (17,771) | (45,889) | (25,141) | | Interest and dividend income | 3,761 | 1,716 | 7,414 | 1,857 | | Net loss | (24,685) | (27,290) | (34,495) | (51,312) | | Net loss per share | (0.18) | (0.27) | (0.25) | (0.61) | - For the six months ended June 30, 2025, net loss narrowed to $34,495 thousand from $51,312 thousand in the prior year period, primarily due to significant growth in interest and dividend income and a reduction in fair value changes of Simple Agreements for Future Equity[21] Condensed Consolidated Statements of Comprehensive Loss Condensed Consolidated Statements of Comprehensive Loss (thousands of dollars) | Metric (thousands of dollars) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :---------------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Net loss | (24,685) | (27,290) | (34,495) | (51,312) | | Other comprehensive loss | (329) | 418 | (890) | 418 | | Total comprehensive loss | (25,014) | (26,872) | (35,385) | (50,894) | - For the six months ended June 30, 2025, total comprehensive loss decreased to $35,385 thousand from $50,894 thousand in the prior year period, primarily reflecting the narrowed net loss[23] Condensed Consolidated Statements of Stockholders' Equity (Deficit) Changes in Stockholders' Equity (thousands of dollars) | Changes in Stockholders' Equity (thousands of dollars) | Balance as of January 1, 2025 | Balance as of June 30, 2025 | | :----------------------------------- | :---------------------------- | :-------------------------- | | Capital stock | 14 | 15 | | Additional paid-in capital | 383,739 | 864,677 | | Accumulated deficit | (135,109) | (169,604) | | Accumulated other comprehensive income| 2,213 | 1,323 | | Total stockholders' equity | 250,857 | 696,411 | - As of June 30, 2025, total stockholders' equity increased to $696,411 thousand, primarily driven by $440,102 thousand in additional paid-in capital from the public offering of common stock[25] - As of June 30, 2025, accumulated deficit increased to $169,604 thousand, reflecting the impact of the net loss for the period[25] Condensed Consolidated Statements of Cash Flows Cash Flows (thousands of dollars) | Cash Flows (thousands of dollars) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Net cash used in operating activities| (30,714) | (17,041) | | Net cash used in investing activities| (280,696) | (188,363) | | Net cash provided by financing activities| 441,049 | 301,213 | | Net increase in cash and cash equivalents| 129,639 | 95,809 | | Cash and cash equivalents at end of period| 226,771 | 105,677 | - For the six months ended June 30, 2025, cash used in operating activities increased to $30,714 thousand, cash used in investing activities increased to $280,696 thousand, while cash provided by financing activities significantly increased to $441,049 thousand, primarily due to the public offering of common stock[30] Notes to the Condensed Consolidated Financial Statements 1. Nature of Operations and Organization - Oklo Inc. is dedicated to developing advanced fission power plants, providing clean, reliable, and economical energy, and plans to commercialize its metal-fueled fast reactor technology through the Aurora power plant product line[33] - The company is commercializing nuclear fuel recycling technology to convert spent nuclear fuel into reactor-usable fuel, and has secured a site use permit and a 5 metric ton high-assay low-enriched uranium fuel award from the U.S. Department of Energy (DOE) Idaho National Laboratory (INL)[33] - As of June 30, 2025, the company's total cash, cash equivalents, and marketable debt securities amounted to $682,965 thousand, with existing funds expected to support operations for the next twelve months[38][39] 2. Summary of Significant Accounting Policies - The company, as an Emerging Growth Company (EGC), is expected to lose its EGC status on December 31, 2025[50] - The company has adopted ASU 2024-02 with no material impact on its financial statements and is evaluating the impact of ASU 2023-09 and ASU 2024-03 on future disclosures[55][56][57] - The company corrected the fair value change of Simple Agreements for Future Equity (SAFEs) for the three and six months ended June 30, 2024, reducing it by $2,056 thousand[53][54] 3. Business Combinations - On February 28, 2025, the company acquired all outstanding common stock of Atomic Alchemy, Inc. for a total consideration of $28,424 thousand, aiming to combine expertise in fast reactors, nuclear fuel recycling, and radioisotope production[58][60] - The acquisition consideration included $900 thousand in cash and the issuance of 820,840 shares of the company's common stock (valued at $27,408 thousand), along with 274,339 shares of restricted common stock for post-merger services[58][59][60] - The preliminary purchase price allocation included $27,500 thousand for indefinite-lived intangible assets (IPR&D) and $6,720 thousand for goodwill[62] 4. Balance Sheet Components Prepaid and Other Current Assets (thousands of dollars) | Prepaid and Other Current Assets (thousands of dollars) | June 30, 2025 | December 31, 2024 | | :-------------------------------------- | :------------ | :---------------- | | Prepaid expenses | 5,248 | 2,119 | | Cost-share receivable | 189 | 600 | | Accrued interest receivable | 2,637 | 1,138 | | Total | 8,237 | 4,125 | Property and Equipment, Net (thousands of dollars) | Property and Equipment, Net (thousands of dollars) | June 30, 2025 | December 31, 2024 | | :--------------------------------- | :------------ | :---------------- | | Computers and equipment | 366 | 366 | | Assets under construction | 2,645 | — | | Total | 3,711 | 1,202 | Accrued Expenses and Other (thousands of dollars) | Accrued Expenses and Other (thousands of dollars) | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Accrued professional services | 2,545 | 652 | | Accrued salaries and bonuses | 848 | 636 | | Total | 4,420 | 1,885 | 5. Leases Lease Information | Lease Information | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :---------------- | :----------------------------- | :----------------------------- | | Operating lease cost| 398 | 190 | | Cash paid | 376 | 115 | | Lease liabilities | 1,142 | 56 | - As of June 30, 2025, the weighted-average remaining lease term was 32 months, with a weighted-average discount rate of 8.86%[74] Maturities of Operating Lease Liabilities (thousands of dollars) | Maturities of Operating Lease Liabilities (thousands of dollars) | Amount | | :--------------------------------------------- | :----- | | Remaining 2025 | 486 | | 2026 | 990 | | 2027 | 203 | | 2028 | 191 | | 2029 | 199 | | Thereafter | 34 | | Total minimum lease payments | 2,103 | | Less: estimated interest | (239) | | Present value of operating lease liabilities | 1,864 | 6. Financial Instruments Financial Instruments (thousands of dollars) | Financial Instruments (thousands of dollars) | Amortized Cost | Fair Value | | :--------------------------- | :------------- | :--------- | | Cash | — | — | | Money market funds | — | — | | U.S. Treasury securities | 386,149 | 387,402 | | Commercial paper | 68,722 | 68,792 | | Total | 454,871 | 456,194 | - As of June 30, 2025, the fair value of the company's marketable debt securities was $456,194 thousand, with $307,654 thousand maturing within one year and $148,540 thousand maturing between one and five years[78][80] 7. Simple Agreements for Future Equity - Simple Agreements for Future Equity (SAFEs) were converted into common stock upon the completion of the reorganization on May 9, 2024, with no outstanding SAFEs as of June 30, 2025[81][83] - For the six months ended June 30, 2025, the company did not issue SAFEs; in the prior year period, SAFE issuances generated $10,232 thousand in cash proceeds[82] 8. Right of First Refusal Liability - The company entered into a letter of intent with a third party, granting a right of first refusal to purchase energy output from power plants developed by the company in the U.S. within 36 months, with a capacity of no less than 100 MWe and up to an aggregate of 500 MWe[84][85] - In exchange, the third party paid the company $25,000 thousand in March 2024, which will be applied as a discount on future power deliveries[85] 9. Stockholders' Equity (Deficit) - The company is authorized to issue 501,000,000 shares of all classes of capital stock, including 500,000,000 shares of common stock and 1,000,000 shares of preferred stock, with no preferred stock currently outstanding[86][87] - As of June 16, 2025, the company received gross proceeds of $460,000 thousand and net proceeds of $441,600 thousand from the public offering of 7,666,667 shares of common stock[89] - For the six months ended June 30, 2025, the company issued 1,016,098 shares of common stock from stock option exercises, generating $1,348 thousand in proceeds, and issued 177,698 shares of common stock from restricted stock unit vesting[88][90] 10. Stock-Based Compensation Stock-Based Compensation Expense (thousands of dollars) | Stock-Based Compensation Expense (thousands of dollars) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Research and development expenses | 3,229 | 6,501 | 4,202 | 6,895 | | General and administrative expenses | 8,136 | 1,956 | 9,474 | 2,229 | | Total | 11,365 | 8,457 | 13,676 | 9,124 | - As of June 30, 2025, unrecognized stock-based compensation expense was $69,590 thousand, expected to be recognized over 3.30 years[93] - On April 1, 2025, the company modified a common stock award for an employee from performance-based to time-based vesting, resulting in an incremental cost of $10,234 thousand[92] 11. Income Taxes Income Tax Information | Income Tax Information | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--------------------- | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | Income tax expense (benefit)| (431) | (164) | 3,980 | (164) | | Effective tax rate | (1.5)% | (0.6)% | 10.3% | (0.3)% | - For the six months ended June 30, 2025, the company recorded an income tax benefit of $3,980 thousand, primarily due to deferred tax liabilities from the Atomic Alchemy acquisition and changes in the valuation allowance at period-end[97] - The company has recorded a valuation allowance against most deferred tax assets and is evaluating the impact of the One Big Beautiful Bill Act on future effective tax rates, tax liabilities, and cash taxes[97][99] 12. Commitments and Contingencies - The company entered into a non-assignable lease option agreement with monthly payments of $10, and the right to early terminate after July 1, 2025, for a payment of $70[101] - As of June 30, 2025, the company had no material pending or threatened litigation, nor any contingent liabilities[102] 13. Segment Information - The company manages its financial information as a whole to assess financial performance and allocate resources, thus having only one reportable segment primarily comprising R&D activities for power plants, radioisotope business, and nuclear recycling facilities[43][104] 14. Related Party Transactions - On June 25, 2025, the company entered into an agreement with M. Klein & Company for financial advisory and strategic services, where company director Michael Klein holds a direct controlling interest[107] - The advisory agreement is for one year, requiring the company to pay a fixed quarterly fee of $250 thousand, with additional potential fees based on certain transaction outcomes[107] 15. Subsequent Events - As of the financial statement filing date, the company identified no material subsequent events impacting the amounts or disclosures in the consolidated financial statements[108] Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This section discusses Oklo Inc.'s financial condition and operating results for the periods ended June 30, 2025 Overview - Oklo Inc. is developing the next-generation fast fission power plant 'Aurora,' designed to provide 15 to 75 megawatts electric (MWe), with potential expansion to 100 MWe and above, utilizing fresh or recycled nuclear fuel[111][112] - The company has secured a site use permit and a 5 metric ton high-assay low-enriched uranium fuel award from the U.S. Department of Energy (DOE) Idaho National Laboratory (INL), and completed Phase 1 pre-application readiness assessment with the U.S. Nuclear Regulatory Commission (NRC)[113] - The company has signed multiple power purchase letters of intent, including a 12 gigawatt (GW) master power purchase agreement with Switch data centers, bringing total Aurora power plant capacity under order to approximately 14,100 MWe, with the first Aurora plant expected to be deployed by late 2027 or early 2028[115] Our Business Model - Oklo plans to adopt a 'build, own, and operate' business model, selling electricity and heat directly to customers via Power Purchase Agreements (PPAs) rather than selling power plant designs, aiming for recurring revenue and improved operational efficiency[117][120] - The company focuses on small power plants (15 MWe, 50 MWe, 75 MWe, and exploring 100 MWe+ designs), anticipating first-year profitability by integrating lifecycle regulatory and operational cost management[119][120] - The company is actively developing advanced nuclear fuel recycling technology, aiming to deploy commercial-scale recycling facilities in the U.S. by the early 2030s to leverage the vast energy potential of spent nuclear fuel, enhancing profitability and creating new revenue streams for its power sales business[122] Recent Developments - On February 28, 2025, the company acquired all outstanding common stock of Atomic Alchemy, Inc. to combine expertise in fast reactors, nuclear fuel recycling, and radioisotope production[123] - In June 2025, the company sold 7,666,667 shares of common stock through an underwritten public offering, including the full exercise of the underwriters' over-allotment option, raising approximately $440.1 million in net proceeds[124][125] Key Factors Affecting Our Performance - Commercial deployment of advanced fission power plants requires regulatory approvals for design, construction, and operation, and the company is working to submit an updated custom integrated license application[128] - As the designer, builder, owner, and operator of power plants, the company directly bears construction and operating costs, with cost projections highly dependent on fuel, raw materials, equipment, and technical service providers[129] - Global supply chains are affected by inflation, banking system instability, wars, and other economic uncertainties, potentially leading to significant delays and cost fluctuations[129] Plan of Operations - To achieve the goal of deploying the first power plant by late 2027 or early 2028, in 2025 the company will advance NRC regulatory approvals, fuel recycling and manufacturing activities, supply chain partnerships, engineering, procurement, and construction activities, and selected Kiewit as the prime contractor for the first Aurora power plant in Idaho[130] - The company will also continue site preparation, explore executive order activities related to accelerating domestic advanced nuclear deployment, negotiate and execute power purchase agreements, recruit additional personnel, and evaluate potential acquisition opportunities[135] - Net cash used in operating activities for 2025 is projected to range from $65 million to $80 million[131] Nuclear Energy Industry - The nuclear energy industry operates in a politically sensitive environment, and the success of the company's business model depends on public support for nuclear power[132] - The U.S. government, through bipartisan actions like the ADVANCE Act and four executive orders, has demonstrated its recognition of nuclear energy's importance in meeting energy demands, aiming to streamline licensing, reduce costs, support fuel innovation, and strengthen its industrial base[132] Key Components of Results of Operations - Operating expenses include research and development expenses (personnel costs, software, computing, hardware, lab supplies, external engineering contractor fees) and general and administrative expenses (personnel costs, regulatory fees, promotional expenses, intellectual property maintenance fees, professional service fees)[134][137] - Other income (loss) primarily comprises interest and dividend income from marketable debt securities and remeasurement losses on Simple Agreements for Future Equity (SAFEs)[138] - Income taxes primarily include income taxes in certain jurisdictions and a reduction in valuation allowance related to deferred tax liabilities established from business acquisitions[139] Liquidity and Capital Resources - As of June 30, 2025, the company's total cash, cash equivalents, and marketable debt securities amounted to $683 million[140] - For the six months ended June 30, 2025, the company reported a net loss of $34.5 million, an operating loss of $45.9 million, net cash used in operating activities of $30.7 million, and an accumulated deficit of $169.6 million[140] - Management anticipates that existing cash, cash equivalents, and marketable debt securities will be sufficient to support the company's operations for the next twelve months from the financial statement issuance date[141] Cash Flows Comparison Cash Flows (thousands of dollars) | Cash Flows (thousands of dollars) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :-------------------------------- | :----------------------------- | :----------------------------- | | Net cash used in operating activities| (30,714) | (17,041) | | Net cash used in investing activities| (280,696) | (188,363) | | Net cash provided by financing activities| 441,049 | 301,213 | | Net increase in cash and cash equivalents| 129,639 | 95,809 | | Cash and cash equivalents at end of period| 226,771 | 105,677 | - Cash used in operating activities increased by $19.2 million in the first half of 2025, primarily due to increased salaries, employee benefits, and professional service fees from expanded operations[145][146] - Cash used in investing activities in the first half of 2025 was primarily for purchases of marketable debt securities ($346.6 million), assets under construction ($1.2 million), and business acquisitions ($0.9 million), partially offset by proceeds from marketable debt securities redemptions ($68 million)[147] - Cash provided by financing activities in the first half of 2025 primarily stemmed from the public offering ($441.6 million) and stock option exercises ($1.3 million), partially offset by tax payments and offering costs[149] Results of Operations Comparison of the Three Months Ended June 30, 2025 and 2024 Metrics (thousands of dollars) | Metric (thousands of dollars) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Change Amount | Change Percentage | | :---------------------------- | :------------------------------- | :------------------------------- | :------------ | :---------------- | | Research and development expenses| 11,468 | 10,719 | 749 | 7.0% | | General and administrative expenses| 16,547 | 7,052 | 9,495 | 134.6% | | Operating loss | (28,015) | (17,771) | (10,244) | 57.6% | | Interest and dividend income | 3,761 | 1,716 | 2,045 | 119.2% | | Net loss | (24,685) | (27,290) | 2,605 | (9.5%) | - Research and development expenses increased by $0.7 million (7.0%) in Q2 2025, primarily due to a 48.0% increase in the weighted-average number of R&D personnel and higher professional service fees, partially offset by reduced stock-based compensation expense[153] - General and administrative expenses increased by $9.5 million (134.6%) in Q2 2025, primarily due to a $6.2 million increase in stock-based compensation expense and higher salaries and benefits from a 77.0% increase in the weighted-average number of G&A personnel[154] - Other income (loss) shifted from a $9.5 million loss in Q2 2024 to $3.8 million in income in Q2 2025, mainly due to the conversion of Simple Agreements for Future Equity (SAFEs) into common stock and increased interest and dividend income from higher cash, cash equivalents, and marketable debt securities balances[156] Comparison of the Six Months Ended June 30, 2025 and 2024 Metrics (thousands of dollars) | Metric (thousands of dollars) | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change Amount | Change Percentage | | :---------------------------- | :----------------------------- | :----------------------------- | :------------ | :---------------- | | Research and development expenses| 19,314 | 14,379 | 4,935 | 34.3% | | General and administrative expenses| 26,575 | 10,762 | 15,813 | 146.9% | | Operating loss | (45,889) | (25,141) | (20,748) | 82.5% | | Interest and dividend income | 7,414 | 1,857 | 5,557 | 299.2% | | Net loss | (34,495) | (51,312) | 16,817 | (32.8%) | - Research and development expenses increased by $4.9 million (34.3%) in the first half of 2025, primarily due to a 48.1% increase in the weighted-average number of R&D personnel, higher professional and engineering service fees, partially offset by reduced stock-based compensation expense[158] - General and administrative expenses increased by $15.8 million (146.9%) in the first half of 2025, primarily due to a $7.2 million increase in stock-based compensation expense and higher salaries and benefits from an 83.1% increase in the weighted-average number of G&A personnel[161] - Other income (loss) shifted from a $26 million loss in the first half of 2024 to $7.4 million in income in the first half of 2025, mainly due to the conversion of Simple Agreements for Future Equity (SAFEs) into common stock and increased interest and dividend income from higher cash, cash equivalents, and marketable debt securities balances[162][163] Critical Accounting Estimates - Determining fair value in business combinations requires allocating the acquisition price using significant estimates and assumptions, including discount rates, future revenue and operating cost projections, and capital cost forecasts[165] - The company engages third-party specialists to assist in evaluating assumptions and appropriately measuring the fair value of acquired assets and liabilities[165] Emerging Growth Company Status - The company is classified as an Emerging Growth Company (EGC), but will lose its EGC status on December 31, 2025, as the market value of common equity held by non-affiliates exceeded $700 million as of June 30, 2025[166] - The company has elected to use the extended transition period, delaying the adoption of new or revised financial accounting standards until private companies are required to comply[167] Recent Accounting Pronouncements - For a discussion of recently adopted and unadopted accounting pronouncements, refer to Note 2, 'Summary of Significant Accounting Policies,' to the Condensed Consolidated Financial Statements in Part I, Item 1 of this quarterly report[168] Item 3. Quantitative and Qualitative Disclosures About Market Risk This section is not applicable to the company as a 'smaller reporting company' - This section is not applicable to the company as a 'smaller reporting company' as defined in Item 10(f)(1) of Regulation S-K[169] Item 4. Controls and Procedures This section discusses management's evaluation of disclosure controls and procedures, noting their ineffectiveness and planned remediation - As of June 30, 2025, management concluded that the company's disclosure controls and procedures were not effective in providing reasonable assurance that information required in reports filed under the Exchange Act is timely recorded, processed, summarized, and reported[171] - The company disclosed material weaknesses related to infrequent and complex transactions in its annual report as of December 31, 2024[172] - The company plans to remediate material weaknesses by improving management's review process for third-party information and implementing additional financial and accounting controls, including engaging third-party consultants and experts, with remediation expected no later than December 31, 2025[174][177] PART II. OTHER INFORMATION Item 1. Legal Proceedings The company currently faces no material pending or threatened legal proceedings - The company currently faces no pending or threatened legal proceedings that could materially adversely affect its business, financial condition, operating results, or cash flows[178] Item 1A. Risk Factors This section updates risk factors, highlighting trade policy changes' potential impact on supply chain, costs, and compliance - Changes in trade policies, such as higher tariffs, restrictions, and economic deterrents, could lead to operational delays, increased procurement and operating costs, and regulatory and compliance complexities, resulting in supply chain disruptions and price increases[180][181] - The company relies on suppliers for reactor development equipment, components, and raw materials, and changes in trade policies could significantly increase the costs of developing, deploying, and maintaining reactors[181] - The company's attempts to mitigate supply chain disruptions and cost pressures may be unsuccessful, and increased prices could make it difficult to attract new customers or lead to customer attrition[182] Item 2. Unregistered Sales of Equity Securities and Use of Proceeds There were no unregistered sales of equity securities or use of proceeds during the quarter - None[183] Item 3. Defaults Upon Senior Securities There were no defaults upon senior securities during the quarter - None[184] Item 4. Mine Safety Disclosures This section is not applicable - Not applicable[185] Item 5. Other Information No directors or officers adopted, modified, or terminated trading plans during the quarter - During the quarter ended June 30, 2025, no directors or officers adopted, modified, or terminated Rule 10b5-1 or non-Rule 10b5-1 trading plans[186] Item 6. Exhibits This section lists the exhibits filed as part of or incorporated by reference into this quarterly report - Exhibits include the company's Second Amended and Restated Certificate of Incorporation, Amended and Restated Bylaws, Section 302 and 906 certifications by the Chief Executive Officer and Chief Financial Officer, and Inline XBRL documents[189] SIGNATURES This report was signed by Jacob DeWitte, Chief Executive Officer, and R. Craig Bealmear, Chief Financial Officer, of Oklo Inc. on August 11, 2025 - This report was signed by Jacob DeWitte, Chief Executive Officer, and R. Craig Bealmear, Chief Financial Officer, of Oklo Inc. on August 11, 2025[193]