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“Sam Altman’s nuclear energy company Oklo plunges 54% in NYSE debut”

“…On Friday, advanced nuclear fission company Oklo started trading on the New York Stock Exchange. The company, which has yet to generate any revenue, went public through a special purpose acquisition company (SPAC) called AltC Acquisition Corp., founded and led by Altman.

Under the ticker symbol “OKLO,” shares plummeted 54% on Friday to $8.45, valuing the company at about $364 million. Oklo received roughly $306 million in gross proceeds in the transaction, according to a release…”

https://www.cnbc.com/2024/05/10/sam-altman-takes-nuclear-startup-oklo-public-to-power-ai-ambitions.html

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