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AltC Acquisition Corp. stockholders approve business combination with Oklo Inc.

May 10, 2024•over 1 year ago

Acquiring Company

AltC Acquisition

Acquired Company

Oklo

New YorkSanta ClaraManufacturingEnergyRenewable Energy

Description

AltC Acquisition Corp. announces that its stockholders have voted to approve the business combination between AltC and Oklo Inc. The combination will provide Oklo with over $306 million of gross proceeds to accelerate its business plan, as well as a strong balance sheet to execute its mission of providing clean, reliable, affordable energy on a global scale through the design and deployment of next-generation fast reactor technology.

Company Information

Company

AltC Acquisition

Location

New York, New York, United States

About

AltC Acquisition Corp. (AltC) is a special purpose acquisition company (SPAC) formed for the purpose of effecting a business combination or similar transaction with one or more businesses. AltC is focused on identifying a suitable acquisition target and facilitating the merger or acquisition process to create value for its stockholders.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed