SEC Form 8-K Summary
Registrant: AltC Acquisition Corp. (NYSE: ALCC), not Oklo Inc. The filing is dated October 5, 2023, and reports actions taken at a special stockholder meeting held that day.
Business Context and Reporting Period
AltC Acquisition Corp. is a special purpose acquisition company. Stockholders voted on extending the deadline to complete a business combination from October 12, 2023 to July 12, 2024, or an earlier date determined by the board.
Of the company’s issued and outstanding Class A and Class B common stock, 49,463,254 shares, or 77.35%, were represented at the meeting, satisfying the quorum requirement.
Financial and Capital Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, liquidity, or other operating financial metrics. It also does not state the number or value of shares redeemed or the resulting trust account balance.
Material Changes and Voting Results
| Proposal | For | Against | Abstain | Result |
|---|---|---|---|---|
| Extension Amendment Proposal | 49,258,435 | 22,326 | 182,493 | Approved |
The proposed adjournment proposal was not presented because sufficient votes were obtained to approve the extension. The extension becomes effective only after the charter amendment is filed with the Delaware Secretary of State.
Outlook, Contingencies, and Unusual Items
- The extension permits additional time to complete a business combination through July 12, 2024, unless the board selects an earlier date.
- The board may abandon or decline to implement the extension without further stockholder action.
- The company extended the deadline for redeeming stockholders to reverse their redemption elections from October 3, 2023 to 5:00 p.m. Eastern Time on October 11, 2023.
- The filing does not provide an update on the status, valuation, financing, or terms of any proposed business combination.
Key Facts for Investor Verification
- Confirm that the filing relates to AltC Acquisition Corp. rather than Oklo Inc.; the provided company metadata appears inconsistent with the registrant named in the filing.
- Verify whether the charter amendment was subsequently filed and whether the extension was implemented.
- Review subsequent filings for redemption totals, remaining public shares, trust account funds, and the status of any business combination.
- Review Exhibit 99.1, the October 5, 2023 press release, for additional details.