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Gladstone Place Partners and ICR are taking Oklo nuclear fission startup that is backed by Open AI CEO Sam Altman public via a merger with his AltC Acquisition Corp. blank check company.
Oklo plans to build small nuclear reactors and sell the affordable, emission-free power to customers under long-term contracts.
Those small reactors are projected to cost about $60M, which is billions less that nuclear utility scale plants
Noting that 38 percent of Fortune 500 companies are publicly committed to decarbonization, Okla projects a global annual spend of $2T for clean new power generation.
Altman, who chairs Oklo, said the company “is the best positioned player to pursue commercialization of advanced fission energy solutions.”
Oklo's first plant is expected to go online in Idaho in 2026 or 2027.
The SPAC deal values the company at $850M. Oklo’s stock is to trade on the New York Stock Exchange.
Gladstone Place’s Christina Stenson and Michael Landau handle the media for the SPAC deal, while ICR’s Caldwell Bailey and Eduardo Royes work the investment community.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
