Oklo $400 million at-the-market offering
The shares are listed on the New York Stock Exchange
Davis Polk advised the sales agents in connection with the SEC-registered at-the-market offering by Oklo Inc. of its Class A common stock for up to an aggregate amount of approximately $400 million. The Class A common stock is listed on the New York Stock Exchange under the symbol “OKLO.”
Oklo is developing fast fission power plants to deliver clean, reliable and affordable energy at scale; establishing a domestic supply chain for critical radioisotopes; and advancing nuclear fuel recycling to convert nuclear waste into clean energy. Oklo was the first to receive a site use permit from the U.S. Department of Energy for a commercial advanced fission plant, was awarded fuel material from Idaho National Laboratory, and submitted the first custom combined license application for an advanced reactor to the U.S. Nuclear Regulatory Commission. Oklo is also developing advanced fuel recycling technologies in collaboration with the U.S. Department of Energy and U.S. National Laboratories.
The Davis Polk capital markets team included partner Derek Dostal and associates Xuanling Xu, Adam Pukier and Shiqi Xiao. Members of the Davis Polk team are based in the New York and London offices.