Oklo Shares Drop as Company Launches Up to $1B ATM Program
Oklo says it can sell up to $1 billion of its Class A common stock through a new at-the-market program with multiple sales agents, replacing a prior facility that already raised about $1 billion gross. Shares fell as much as 4% on the news, following coverage initiation by Piper Sandler. The company frames nuclear as supported by bipartisan policy and firm power demand.