Oklo, an advanced fission technology and nuclear fuel recycling company, and AltC Acquisition Corp., a special purpose acquisition company (SPAC), have entered into a definitive business combination agreement.

Upon closing of the transaction, the combined company will operate as Oklo and is expected to be listed on the New York Stock Exchange under the ticker "OKLO”.

AltC was co-founded by Sam Altman and Churchill Capital.

The transaction, which has been approved by the Boards of Directors of Oklo and AltC, is expected to close in late 2023 or early 2024, subject to various approvals and customary closing conditions.