BUZZ-Nuclear tech co Oklo falls after $1 bln stock sale unveiled

Bank of America Corp
Oklo Inc. Class A
Goldman Sachs Group, Inc.

Bank of America Corp

BAC

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Oklo Inc. Class A

OKLO

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Goldman Sachs Group, Inc.

GS

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** Shares of Sam Altman-backed nuclear technology co Oklo OKLO.N down 3.2% to $67.42 premarket as it looks to raise equity

** OKLO late Weds announced up to $1 bln ATM (at the market) stock offering with Goldman Sachs, BofA, Citigroup, J.P. Morgan, Morgan Stanley, Barclays, Cantor Fitzgerald, Guggenheim, Canaccord and William Blair as sales agents

** Co intends to use net offering proceeds from any sales for general corp purposes, working capital and capex, and potential future investments, per the prospectus

** Santa Clara, California-based OKLO has ~173.99 mln shares outstanding for $12 bln market cap

** Through Weds close, stock up 40% QTD leaving it down 3% YTD

** Of 22 analysts covering OKLO, 15 rate the stock "strong buy" or "buy", 6 "hold" and 1 "sell"; median PT $92, per LSEG data