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].
Special Meeting of AltC Acquisition Corp. Stockholders to Approve Business Combination with Oklo Scheduled for May 7, 2024