Oklo Inc. has established a new "at-the-market" (ATM) equity offering program, allowing it to sell up to $1.0 billion of its Class A common stock from time to time. This new program, effective May 13, 2026, replaces a previous ATM agreement from December 2025 which was terminated after the company raised nearly all of its $1.5 billion capacity.
Key Details
- New ATM Program: Oklo entered an equity distribution agreement on May 13, 2026, to offer and sell up to $1,000,000,000 in Class A common stock. Agents include Goldman Sachs, BofA Securities, Citigroup, and J.P. Morgan.
- Program Terms: The company will pay sales agents a commission of up to 1.5% of the gross sales price per share sold. Sales can be made at prevailing market prices through various methods.
- Prior Program Termination: The company terminated its previous $1.5 billion ATM program dated December 4, 2025. Under that agreement, Oklo had sold 15,774,224 shares, raising gross proceeds of approximately $1.499 billion.