BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Oklo Stock Drops Nearly 4% Amid Expanded Share Offering
Oklo Stock Drops Nearly 4% Amid Expanded Share Offering
12
2
BTCCSquare news:
Oklo (OKLO -3.54%) faced investor backlash after disclosing plans to expand its secondary share offering by $140 million, bringing the total to nearly $540 million. The news, filed post-market Wednesday, triggered a 3.54% decline during Thursday's session despite a 0.8% gain in the bellwether index.
The nuclear energy startup will deploy proceeds for vague "general corporate purposes," with sales agents B. Riley and TD Securities earning 2.5% commissions. This dilution MOVE contrasts with Oklo's momentum as a next-gen nuclear play benefiting from U.S. policy tailwinds.
By:
