Oklo (OKLO) said Thursday that it has signed a letter of intent to acquire Atomic Alchemy for $25 million in an all-stock transaction.
Oklo said all shares issued to Atomic Alchemy owners will be subject to multi-year lock-ups.
Oklo said the deal is expected to have a "minimal" immediate impact on its operating costs and is not expected to impact its 2024 outlook.
Shares of the company were up 4% in recent Thursday premarket activity.
Price: 24.00, Change: +0.92, Percent Change: +3.99
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