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What’s Happening to Sam Altman’s SPAC AltC Stock? – Acquisition of AltC (NYSE:ALCC)

AltC acquisition company. ALCC shares go on Monday. An extraordinary meeting of the company’s shareholders will be held on Tuesday, during which the proposed business combination will be approved Oklo limited liability company

Details:

AltC, the special acquisition company he heads Sam Altman, plans a merger with Oklo. Oklo is an advanced nuclear fission startup where Altman is also a board member.

The companies announced that on July 11, 2023, they had entered into a definitive business combination agreement. Upon approval and closing, the combined company will be listed on the New York Stock Exchange under the symbol “OKLO.”

AltC is one of the most popular tickers on Stocktwits and WallStreetBets ahead of the merger vote, and the stock is seeing big gains. According to Benzinga Pro data, over 1,835 shares were traded during the session, compared to the 100-day average of less than 743,000. shares.

Related news: What Happens to Coinbase Stock Post-Earnings?

ALCC price action: At the time of reporting on Monday, AltC shares were up 0.13% at $14.85, according to Benzinga Pro.

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