On Sept. 11, Oklo (OKLO) launched an at-the-market equity program to sell up to $1 billion in shares, its latest stock sale since going public through a SPAC merger on May 10, 2024. Outstanding shares rose from about 122.1 million at the merger close to roughly 192.3 million, a 58% increase, after 7.3 million more shares were issued under a May program. Early shareholders who have not sold now own about 37% less of the company, although the share price is up 311% as of Oct. 12. The stock hit a 52-week low on Oct. 8 and trades near $35, so raising $1 billion now would take about 29 million shares versus about 18 million under the May program. The article calls dilution a significant risk that could continue until Oklo reaches profitability.
Summary written by Upside AI from the original article. Read the source for full details.
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