Overview
- Oklo disclosed on Sept. 11, 2026 that it has an at‑the‑market program to sell up to $1 billion of Class A common stock through a ten‑bank sales group.
- The agreement lets banks sell shares on a best‑efforts basis, pays commissions up to 1.5% of gross proceeds, operates under Oklo’s Form S‑3 shelf, and carries no termination penalties.
- The new program replaces a prior ATM that the company says was fully used; public reports differ on how much that earlier facility raised, with figures near $1.0 billion and $1.5 billion both reported.
- Markets reacted quickly with OKLO shares down roughly 5% in early trading as investors weighed near‑term dilution against the company’s capital needs.
- Oklo remains a pre‑revenue developer of small modular reactors targeting energy‑intensive users like AI data centers, so the company’s progress will hinge on continued access to markets, execution milestones, and future NRC approvals.