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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.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
Collected Strategies handles Exact Sciences as the cancer screening leader is acquired by Abbott in a deal with an enterprise value of $23B.
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
