Oklo Inc. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities. Market Information Our Class A common stock is traded on the NYSE under the symbol “ALCC.” Holders Although there are a larger number of beneficial owners, at March 29, 2024, there were two holders of record of our shares of Class A common stock. There is one holder of record of our shares of Class B common stock. Dividends We have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination. The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our board of directors at such time. In addition, our board of directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future. Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith. Securities Authorized for Issuance Under Equity Compensation Plans None. Recent Sales of Unregistered Securities; Use of Proceeds from Registered Offerings On July 12, 2021, we consummated the Initial Public Offering of 50,000,000 public shares. The public shares were sold at an offering price of $10.00 per public share, generating total gross proceeds of $500,000,000. Citigroup Global Markets Inc. acted as joint bookrunner and representative of the underwriters and each of J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and BofA Securities, Inc. acted as joint bookrunners of the offering. Each of B. Riley Securities, Inc., Academy Securities, Inc., Drexel Hamilton, LLC, Farvahar Capital LLC and Tigress Financial Partners LLC acted as co-manager of the Initial Public Offering. The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (No. 333-254263). The SEC declared the registration statement effective on July 7, 2021. Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 1,450,000 private placement shares, at a price of $10.00 per private placement share, for an aggregate purchase price of $14,500,000, in a private placement. The proceeds from the private placement shares were added to the proceeds from the Initial Public Offering held in the trust account. If the company does not complete a business combination within the combination window, the proceeds of the sale of the private placement shares will be used to fund the redemption of the public shares. The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. Of the gross proceeds received from the Initial Public Offering and the sale of the private placement shares, an aggregate of $500,000,000 was placed in the trust account. We incurred $26,652,125 of transaction costs, consisting of $8,580,000 of underwriting fees, which is net of $1,420,000 reimbursed fees from the underwriters, $17,500,000 of deferred underwriting fees and $572,125 of other offering costs. In addition, as of December 31, 2023, $1,628,692 of cash was held outside of the trust account and is available for working capital purposes. For a description of the use of the proceeds generated in our Initial Public Offering, see Part II, Item 7 of this Annual Report. 42 Table of Contents Item 6. [Reserved].