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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Oklo Inc. - OKLO
OKLOOklo(OKLO) Prnewswire·2025-02-04 22:05

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Oklo Inc., focusing on potential securities fraud or unlawful business practices by the company and its officers or directors [1] - Kerrisdale Capital published a short report on Oklo, labeling it a 3billionnuclearenergycompanythatwentpublicviaSPAC,highlightingthelackofregulator−approveddesign,revenue,andprovencommercialviabilityforitsmicroreactors[2]−TheKerrisdalereportindicatedthatOklofacessignificanttechnicalandfinancialchallenges,suggestingskepticismregardingitsinvestmentcaseandassertingthatthecompanyhasunderestimatedthetimeandcapitalrequiredtocommercializeitsproduct[2]Group2−FollowingthepublicationoftheKerrisdalereport,Oklo′sstockpricedecreasedby3 billion nuclear energy company that went public via SPAC, highlighting the lack of regulator-approved design, revenue, and proven commercial viability for its microreactors [2] - The Kerrisdale report indicated that Oklo faces significant technical and financial challenges, suggesting skepticism regarding its investment case and asserting that the company has underestimated the time and capital required to commercialize its product [2] Group 2 - Following the publication of the Kerrisdale report, Oklo's stock price decreased by 0.85 per share, or 3.9%, closing at $20.95 per share on November 20, 2024 [2] - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3]