BUZZ-Nuclear tech co Oklo falls after $1 bln stock sale unveiled
Bank of America Corp BAC | 0.00 | |
Oklo Inc. Class A OKLO | 0.00 | |
Goldman Sachs Group, Inc. GS | 0.00 |
** 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
