Form 8-K - Current report
13 Novembre 2024 - 10:31PM
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2024-11-13
2024-11-13
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
November 13, 2024
Oklo
Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40583 |
|
86-2292473 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
3190 Coronado Dr. Santa Clara, CA |
|
95054 |
(Address of principal executive offices) |
|
(Zip Code) |
(650)
550-0127
(Registrant’s telephone
number, including area code)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange
on which registered |
Class
A Common Stock, par value $0.0001 per share |
|
OKLO |
|
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 8.01. Other Events.
Pursuant to
the Agreement and Plan of Merger and Reorganization, dated July 11, 2023 (the “Merger Agreement”), by and among Oklo Inc.
(the “Company”) (formerly known as AltC Acquisition Corp.), AltC Merger Sub, Inc. and Oklo Technologies, Inc. (formerly known
as Oklo Inc., “Legacy Oklo”), Triggering Event III (as defined in the Merger Agreement) occurred as of market close on November
13, 2024 (the “Determination Date”), and the Company has agreed to issue approximately 2,500,000 shares (“Earn Out Shares”)
of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), less applicable withholding,
to Eligible Holders (as defined in the Merger Agreement) within five business days of the Determination Date. Triggering Event III occurred
by virtue of the closing price of the Common Stock equaling or exceeding the applicable threshold set forth in the Merger Agreement for
20 trading days within a period of 60 consecutive trading days ending on the Determination Date. As a result of the satisfaction of Triggering
Event III, the Eligible Holders will receive their pro rata portion of the Earn Out Shares.
Pursuant to
the Letter Agreement, dated July 11, 2023 (the “Sponsor Agreement”), by and among the Company, Legacy Oklo, AltC Sponsor LLC
(the “Sponsor”) and the Insiders (as defined in the Sponsor Agreement), the Fourth Vesting Price (as defined in the Sponsor
Agreement) was achieved on the Determination Date, by virtue of the closing price of the Common Stock equaling or exceeding the applicable
threshold set forth in the Sponsor Agreement for 20 trading days within a period of 60 consecutive trading days ending on the Determination
Date. As a result of the satisfaction of the Fourth Vesting Price, 12.5% of the Vesting Founder Shares (as described in the Sponsor Agreement)
vested on the Determination Date. Furthermore, pursuant to the Sponsor Agreement, the 36 Month Lock-Up Period (as defined in the Sponsor
Agreement) was achieved on the Determination Date, by virtue of the closing price of the Common Stock equaling or exceeding the applicable
threshold set forth in the Sponsor Agreement for 20 trading days within a period of 60 consecutive trading days ending on the Determination
Date. As a result of the satisfaction of the 36 Month Lock-Up Period, the lock-up restrictions on 30% of the Founder Shares (as defined
in the Sponsor Agreement) and 30% of the Private Placement Shares (as defined in the Sponsor Agreement) expired on the Determination Date.
Additionally,
pursuant to the Amended and Restated Registration Rights Agreement, dated May 9, 2024 (the “Registration Rights Agreement”),
by and among the Company, the Sponsor and the Company Shareholders (as defined in the Registration Rights Agreement), the Insider Lock-up
Period (as defined in the Registration Rights Agreement) expired with respect to 30% of the Lock-Up Shares (as defined in the Registration
Rights Agreement) held by Insiders (as defined in the Registration Rights Agreement) on the Determination Date, by virtue of the closing
price of the Common Stock equaling or exceeding the applicable threshold set forth in the Registration Rights Agreement for 20 trading
days within a period of 60 consecutive trading days ending on the Determination Date.
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: November 13, 2024 |
By: |
/s/ R. Craig Bealmear |
|
Name: |
R. Craig Bealmear |
|
Title: |
Chief Financial Officer |
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Grafico Azioni Oklo (NYSE:OKLO)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Oklo (NYSE:OKLO)
Storico
Da Dic 2023 a Dic 2024