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1 minute read

What’s Going On With Sam Altman’s SPAC AltC Stock?

By Erica Kollmann
May 6, 12:23 PM
AltC, a special acquisition company headed by Sam Altman, is targeting a merger with Oklo. Oklo is an advanced nuclear fission start-up company which also counts Altman as a board member. The companies announced that they entered into a definitive business combination agreement on July 11, 2023.  If approved and upon closing, the combined company will be listed on the New York Stock Exchange under the ticker symbol "OKLO."

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2 minute read

Why AltC Acquisition Stock Is Up Today

By Erica Kollmann
April 8, 1:16 PM
AltC Acquisition Corp. shares are trading higher Monday after Oklo announced an agreement with Diamondback Energy Inc. (NYSE:FANG) to collaborate on a long-term power purchase agreement. The letter of agreement (LOI) signed by the companies outlines a 20-year power purchase agreement between Oklo and Diamondback. According to the terms of the LOI, Oklo intends to license, build, and operate powerhouses capable of generating 50 MW of electric power to Diamondback E&P LLC, a wholly owned subsidiary of Diamondback near Midland, Texas.

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