Oklo (NYSE: OKLO), a next-generation nuclear company, announced a secondary share offering priced at $60 per share, which is more than $4 below its Thursday closing price. The offering, set to close on June 16, will issue approximately 6.7 million shares aiming to raise over $400 million in gross proceeds.
On the announcement, Oklo’s stock dropped by more than 1%. The underwriting syndicate includes prominent banks such as Goldman Sachs and Bank of America, with an option to purchase up to 1 million additional shares at the same price. Oklo, while experiencing some successes in project awards, continues to seek capital for its operations as it is still in the early stages of development.
