1 unchanged sentence
Market Information
−Removed: Our Class A common stock is traded on the NYSE under the symbol “ALCC.”
−Removed: 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.
−Removed: There is one holder of record of our shares of Class B common stock.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: In addition, our board of directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future.
−Removed: 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.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: Our Common Stock began trading on the New York Stock Exchange on May 10, 2024 under the symbol “OKLO.”
+Added: As of March 24, 2025, there were approximately 57 holders of record of our Common Stock.
+Added: Since many of our shares of Common Stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
+Added: We have never paid cash dividends on our Common Stock, and our present policy is to retain any future earnings to support our operations and finance the growth and development of our business.
+Added: We do not intend to pay cash dividends on our Common Stock for the foreseeable future.
+Added: Any future determination related to our dividend policy will be made at the discretion of our Board.
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Recent Sales of Unregistered Securities
−Removed: Use of Proceeds from Registered Offerings
−Removed: On July 12, 2021, we consummated the Initial Public Offering of 50,000,000 public shares.
−Removed: The public shares were sold at an offering price of $10.00 per public share, generating total gross proceeds of $500,000,000.
−Removed: Citigroup Global Markets Inc.
−Removed: acted as joint bookrunner and representative of the underwriters and each of J.P.
−Removed: Morgan Securities LLC, Goldman Sachs & Co.
−Removed: LLC and BofA Securities, Inc.
−Removed: acted as joint bookrunners of the offering.
−Removed: 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.
−Removed: The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (No.
−Removed: The SEC declared the registration statement effective on July 7, 2021.
−Removed: 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.
−Removed: The proceeds from the private placement shares were added to the proceeds from the Initial Public Offering held in the trust account.
−Removed: 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.
−Removed: The issuance was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: For a description of the use of the proceeds generated in our Initial Public Offering, see Part II, Item 7 of this Annual Report.
+Added: Use of Proceeds
+Added: Not applicable.
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