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AltC Acquisition files amended proxy for $850 million merger with Oklo

Apr 16, 2024•over 1 year ago

Acquiring Company

AltC Acquisition

Acquired Company

Oklo

New YorkSanta ClaraRenewable EnergyEnergyManufacturing

Description

AltC Acquisition, co-founded by Sam Altman and Churchill Capital, filed an amended proxy and prospectus for its proposed $850 million merger with Oklo, an advanced fission power and nuclear fuel recycling company based in Santa Clara, CA. The terms of the deal include the issuance of nearly 94 million shares to Oklo, with an additional 15 million earnout shares to be issued based on certain performance targets.

Company Information

Company

AltC Acquisition

Location

New York, New York, United States

About

AltC Acquisition Corp. is a special purpose acquisition company focusing on identifying a business combination opportunity. It is a publicly traded company listed on the New York Stock Exchange under the ticker symbol ALCC.

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