Oklo announces $400M common stock offering

Oklo (OKLO) announced the commencement of an underwritten public offering of $400M of shares of its common stock by the company. The company intends to use net proceeds of the offering for general corporate purposes, working capital and capital expenditures, and potential future investments. Goldman Sachs & Co. and BofA Securities are acting as lead book-running managers for the proposed offering. Citigroup and J.P. Morgan are acting as book-running managers for the proposed offering. The offering is expected to close on June 16, subject to customary closing conditions.