Background
Ocean Tomo, a part of J.S. Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company. The engagement began with a detailed assessment of Oklo’s nuclear reactor technology, license applications and regulatory approvals. This assessment also included the benchmarking of Oklo against other advanced nuclear energy and alternative energy technologies and market participants. With a thorough understanding of Oklo’s technology, market position and regulatory development, Ocean Tomo performed a thorough financial analysis considering the Company’s anticipated unit economics and business strategy. The Oklo transaction is a clear demonstration of Ocean Tomo, a part of J.S. Held’s multi-disciplinary approach to client engagements, combining financial, technical, and intellectual property expertise to provide best in class, defensible technical and financial advisory services.
Engagement
Ocean Tomo’s role as financial advisor on this transaction included not only a strategic assessment of Oklo’s go-to-market plans, but also an analysis of the Company’s technology and intellectual property. The multi-disciplinary team’s ability to analyze both the technology and strategy allowed us to provide a robust Fairness Opinion to the Board of Directors of AltC Acquisition Corp
Results
Ocean Tomo, a part of J.S. Held, served as financial advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.