Oklo Inc. (NYSE:OKLO) shares fell 3.5% Friday morning after the nuclear technology company announced a new at-the-market equity offering program covering up to $1 billion of Class A common stock.
Oklo entered into an equity distribution agreement on September 11, 2026, allowing shares to be sold through ten sales agents, including Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC.
Under the agreement, Oklo may sell shares through ordinary brokerage transactions on the New York Stock Exchange or other trading venues, in the over-the-counter market, through privately negotiated transactions, block trades or a combination of these methods.
Shares may be sold at prevailing market prices or negotiated prices. The sales agents are entitled to commissions of up to 1.5% of the gross sales price for each share sold.
The new program replaces an equity distribution agreement dated May 13, 2026, which Oklo terminated effective September 10.
Under the previous agreement, Oklo sold 17,971,448 shares and generated approximately $1 billion in gross proceeds. The company said it is not subject to termination penalties in connection with ending the prior agreement.
Oklo stock price
