Oklo Inc (NYSE:OKLO) shares are surging Wednesday after the company was selected as an intended awardee to provide power at an Air Force base in Alaska.
Oklo on Tuesday announced that the U.S. Nuclear Regulatory Commission (NRC) initiated a review of the company's licensed operator topical report as Oklo continues to progress on its combined license application seeking approval to operate its planned Aurora powerhouses.
The weakness was also exacerbated by the company filing a prospectus with the SEC on Monday for offering up to $1 billion in an assortment of securities, including stock, preferred shares, debt warrants and units.
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Oklo Inc (NYSE:OKLO) shares are moving higher Tuesday alongside several nuclear names after Meta Platforms Inc (NASDAQ:META) signed a long-term deal with Constellation Energy Corp (NASDAQ:CEG) for the supply of nuclear energy.
