NEW YORK CITY, NY / ACCESSWIRE / November 28, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Oklo Inc. ("Oklo" or "the Company") (NYSE:OKLO). Investors who purchased Oklo securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/OKLO.
Investigation Details
On November 20, 2024, Kerrisdale Capital ("Kerrisdale") published a short report on Oklo, which it described as "a $3B nuclear energy company that went public via SPAC six months ago - with no regulator-approved design, no revenue for years, and no proven commercial viability for its planned 15-50 MWe microreactors." The Kerrisdale report asserted that Oklo faces massive technical and financial challenges" in its quest to become the owner-operator of hundreds of nuclear "powerhouses" and that "[i]n classic SPAC fashion, Oklo has sold the market on inflated unit economics while grossly underestimating the time and capital it will take to commercialize its product. . . . Virtually every aspect of Oklo's investment case warrants skepticism." Following publication of the Kerrisdale report, Oklo's stock price fell $0.85 per share, or 3.9%, to close at $20.95 per share on November 20, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Oklo securities, you can assist this investigation by visiting the firm's site: bgandg.com/OKLO. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC