I'm LongbridgeAI, I can summarize articles.Oklo Inc. launched a new $1 billion at-the-market (ATM) equity distribution program with Goldman Sachs, BofA, Citi, and other agents on September 11, 2026. This replaces the prior terminated agreement to provide flexible capital access. Under the new terms, Oklo can sell Class A common stock at market or negotiated prices, with agent commissions up to 1.5%.
Oklo launched a new at-the-market (ATM) equity distribution program to sell up to $1.0 billion of Class A common stock through a syndicate of sales agents, replacing its prior program terminated on September 10, 2026. Sales may occur on the New York Stock Exchange and other venues at market or negotiated prices, with agent commissions up to 1.5%. Under the terminated agreement, Oklo sold 17,971,448 shares for approximately $1.0 billion in gross proceeds. The new program is designed to provide ongoing, flexible access to capital as market conditions warrant.
New agreement details:
- Agreement type: At-the-market equity distribution agreement for up to $1,000,000,000 of Class A common stock
- Counterparty: Goldman Sachs; BofA Securities; Citigroup Global Markets; J.P. Morgan Securities; Morgan Stanley; Barclays Capital; Cantor Fitzgerald; Guggenheim Securities; Canaccord Genuity; B. Riley Securities
- Signed / Effective: Sep 11 2026 / same
- Duration / Termination: At will
- Reason: Raise capital flexibly through ATM sales
Terminated agreement details:
- Agreement terminated: At-the-market equity distribution agreement for up to $1,000,000,000 of Class A common stock
- Counterparty: Goldman Sachs; BofA Securities; Citigroup Global Markets; J.P. Morgan Securities; Morgan Stanley; Barclays Capital; Cantor Fitzgerald; Guggenheim Securities; Canaccord Genuity; William Blair
- Original agreement date: May 13 2026
- Termination date: Sep 10 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Replace with a new ATM equity program
Original SEC Filing: Oklo Inc. [ OKLO ] - 8-K - Sep. 11, 2026