Oklo Inc 8-K, filed Nov 6, 2024
Oklo Inc. (OKLO)
About this 8-K
Oklo Inc filed this 8-K on November 6, 2024, reporting on events of November 5, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
Pursuant to the Amended and Restated Registration Rights Agreement, dated May 9, 2024 (the “Registration Rights Agreement”), by and among Oklo Inc. (the “Company), AltC Sponsor LLC (the “Sponsor”) and each persons identified on the signature pages thereto, the Company Shareholder Lock-up Period, beginning on the Closing Date (as defined in the Registration Rights Agreement) and ending at 11:59 p.m. Eastern Time on the date that is 180 days after the Closing Date, expired on November 5, 2024 at 11:59 p.m. Eastern time.
Additionally, pursuant to the Letter Agreement, dated July 11, 2023 (the “Sponsor Agreement”), by and among the Company, the Sponsor and the Insiders (as defined in the Sponsor Agreement), the First Vesting Price (as defined in the Sponsor Agreement) was achieved at market close on November 5, 2024 (such event, the “First Sponsor Lock-up Trigger”), by virtue of the closing price of the Shares equaling or exceeding the applicable threshold for 20 trading days within any 60 consecutive trading days ending on November 5, 2024. As a result of the satisfaction of the First Sponsor Lock-up Trigger, 50% of the Vesting Founder Shares held by the Sponsor (as described in the Sponsor Agreement) vested on November 5, 2024.
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 6, 2024 | By: | /s/ R. Craig Bealmear |
| Name: | R. Craig Bealmear | |
| Title: | Chief Financial Officer | |