Sam Altman-backed Nuclear Start-up Crashes After Wall Street Debut [Barron's]
AltC Acquisition Corp. Class A (ALCC)
Company Research
Source: Barrons
At around 3:40 pm (1940GMT), the stock was down 53.9 percent to $8.40. Founded in 2013 by graduates of the Massachusetts Institute of Technology (MIT), Oklo went public by merging with AltC Acquisition Corp, a listed company. The latter is a SPAC (special purpose acquisition company), a company whose sole purpose is to enable another firm to enter Wall Street through a merger. Since the deal with Oklo was announced in July last year, AltC's share price has soared, gaining over 72 percent. But transactions involving a SPAC are often highly volatile, partly because they are more exposed to speculation than traditional IPOs. Altman is involved in several cutting-edge sectors and invested in Oklo in 2015, also becoming its chairman. According to company documents, Altman directly controls around three percent of the capital. Oklo plans to build small modular reactors (SMRs), which are theoretically quicker to build than conventional power plants and less complicated to cons
Show less
Read more
Impact Snapshot
Event Time:
ALCC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ALCC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ALCC alerts
High impacting AltC Acquisition Corp. Class A news events
Weekly update
A roundup of the hottest topics