---
title: "BUZZ-Sam Altman's SPAC falls after deal with Oklo"
description: "** Shares of AltC Acquisition Corp, a special purpose acquisition company (SPAC) led by Sam Altman, down nearly 2% at $10.34"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/92333224.md"
published_at: "2023-07-11T14:48:16.000Z"
---

# BUZZ-Sam Altman's SPAC falls after deal with Oklo

> ** Shares of AltC Acquisition Corp, a special purpose acquisition company (SPAC) led by Sam Altman, down nearly 2% at $10.34

\*\* Shares of AltC Acquisition Corp (ALCC.N) , a special purpose acquisition company (SPAC) led by Sam Altman, down nearly 2% at $10.34

\*\* Co agrees to merge with Oklo, also backed by Altman, in a deal that gives the nuclear energy startup a pre-money valuation of $850 mln

\*\* Deal to fetch up to $516 mln of proceeds for Oklo if no ALCC stockholders redeem their shares, companies say

\*\* Merger expected to close in late 2023 or early 2024, companies say

\*\* SPACs use proceeds from their initial public offering to take private companies public via a merger

### Related Stocks

- [OKLO.US - Oklo](https://longbridge.com/en/quote/OKLO.US.md)

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|-------|-------------|-----|
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
