The shares are listed on the New York Stock Exchange

Davis Polk advised the lead book-running managers and representatives of the several underwriters in connection with the debut SEC-registered follow-on offering by Oklo Inc. of 7,666,667 shares of common stock at $60.00 per share, which included 1,000,000 shares of common stock from the full exercise of the underwriters’ option to purchase additional shares, for total gross proceeds of $441.6 million.

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. Oklo’s common stock is listed on the New York Stock Exchange under the symbol “OKLO.”

The Davis Polk capital markets team included partner Derek Dostal and associates Xuanling Xu and Adam Pukier. Partner Kara L. Mungovan and associate Fred Fu provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. All members of the Davis Polk team are based in the New York office.

Copy link to share post