Oklo Announces $400M Public Offering

Oklo Inc. ("Oklo" or the "Company") (NYSE:OKLO), an advanced nuclear technology company, today announced the commencement of an underwritten public offering of $400 million of shares of its common stock, $0.0001 par value ("common stock"), by the Company. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional $60 million of shares of common stock from 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.

The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering.

Goldman Sachs & Co. LLC 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, 2025, subject to customary closing conditions.