Oklo Inc. (OKLO) launched a new equity distribution agreement to sell up to $1.0 billion in Class A common stock. This at-the-market program replaces a prior $1 billion offering that the company fully exhausted within the last four months.
The nuclear energy firm intends to use the flexible capital to fund the development of its advanced fission power plants.
Shares of Oklo dropped over 7% following the announcement. Investors sold off the stock to price in potential shareholder dilution from the second large-scale share issuance in a short period.