OKLO nabs approval

Posted: May 07, 2024

- Oklo Inc., a developer of advanced nuclear systems backed by Sam Altman, received investor approval for a SPAC merger - Likely to debut on the NYSE in the coming days - AltC Acquisition Corp., a SPAC backed by Altman and Michael Klein, valued Oklo at $850 million - This approval is a positive development for the SPAC market, which has been struggling



Summarized top reddit comments: - Stock down 7%, waiting for it to go up - Uncertain about if approval is official - Planning to buy more calls before stock price rises - Curious about opening price of new ticker - Excited about purchasing Oklo for a low price - Calls down due to IV crush - Oklo may take years to have commercially viable reactor - Altmann should not brag about burning cash - Not worried about stock performance until first day or two of trading



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