Oklo Inc. Faces Delisting Concerns
Ticker: OKLO · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1849056
Sentiment: bearish
Topics: listing-rule, delisting, compliance
TL;DR
Oklo's on notice for listing rules - could be delisted.
AI Summary
Oklo Inc. filed an 8-K on February 5, 2025, to report a notice of delisting or failure to satisfy a continued listing rule or standard, or a transfer of listing. The company, formerly known as AltC Acquisition Corp., is incorporated in Delaware and headquartered in Santa Clara, California.
Why It Matters
This filing indicates potential issues with Oklo Inc.'s continued listing on an exchange, which could impact its stock price and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's market presence and investor trust.
Key Players & Entities
- Oklo Inc. (company) — Registrant
- AltC Acquisition Corp. (company) — Former company name
- February 5, 2025 (date) — Date of report
- Delaware (jurisdiction) — State of incorporation
- Santa Clara, CA (location) — Principal executive offices
FAQ
What specific listing rule or standard has Oklo Inc. failed to satisfy?
The filing does not specify the exact rule or standard that Oklo Inc. has failed to satisfy, only that a notice has been issued.
What is the potential consequence of failing to meet the listing standards?
The filing indicates a notice of delisting or failure to satisfy a continued listing rule or standard, which could lead to the transfer or delisting of the company's securities.
When was Oklo Inc. formerly known as AltC Acquisition Corp.?
The date of the name change from AltC Acquisition Corp. to Oklo Inc. was March 3, 2021.
Where are Oklo Inc.'s principal executive offices located?
Oklo Inc.'s principal executive offices are located at 3190 Coronado Dr., Santa Clara, CA 95054.
What is the Commission File Number for Oklo Inc.?
The Commission File Number for Oklo Inc. is 001-40583.
Filing Stats: 544 words · 2 min read · ~2 pages · Grade level 10.3 · Accepted 2025-02-05 17:23:14
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share OKLO New York Stock Excha
Filing Documents
- tm255590d1_8k.htm (8-K) — 23KB
- 0001104659-25-009756.txt ( ) — 192KB
- alcc-20250205_lab.xml (EX-101.LAB) — 33KB
- alcc-20250205_pre.xml (EX-101.PRE) — 22KB
- alcc-20250205.xsd (EX-101.SCH) — 3KB
- tm255590d1_8k_htm.xml (XML) — 4KB
01. Notice of Delisting or
Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard Transfer of Listing. On February 3, 2025, Christopher Wright was confirmed as the United States Secretary of Energy by the United States Senate and, as a result, resigned from the board of directors (the "Board") of Oklo Inc. (the "Company"). Prior to his resignation, Mr. Wright was an independent director and a member of the Board's Audit Committee, which was composed of three independent directors. On February 4, 2025, as required by Section 303A.12(b) of the NYSE Listed Company Manual (the "Listed Company Manual"), the Company submitted an interim written affirmation to the New York Stock Exchange (the "NYSE") as a notice of non-compliance with Section 303A.07(a) of the Listed Company Manual, which requires that the Audit Committee be composed of at least three independent directors. On February 5, 2025, the Company received an official notice of non-compliance from the NYSE (the "NYSE Notice"). The NYSE Notice does not have any immediate effect on the listing of the Company's common stock, which remains trading under the trading symbol "OKLO." The Board intends to appoint a new independent director, duly qualified for service on the Audit Committee, as soon as practicable.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Oklo Inc. Date: February 5, 2025 By: /s/ R. Craig Bealmear Name: R. Craig Bealmear Title: Chief Financial Officer