7 Things to Know as Sam Altman-Backed Oklo

OKLO Stock Goes Public
Oklo is now trading on the New York Stock Exchange under the OKLO stock ticker.
This comes after it completed a special purpose acquisition company (SPAC) merger with AltC Acquisition Corp yesterday.
Sam Altman was a major force behind this SPAC merger as he is the chairman of Oklo and previously served as the CEO of AltC Acquisition.
This SPAC merger resulted in Oklo receiving gross proceeds of $306 million.
Oklo intends to use these funds for its business plan, which includes the “initial deployment” of its Aurora powerhouse.
Oklo plans to use its owner-operator model to generate consistent “recurring revenue and cash flow streams” through long-term contracts for power.
The company says there is already interest for its products in the data center, artificial intelligence (AI), industrial, defense and energy markets.