NEW YORK, NY / ACCESSWIRE / November 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Oklo Inc. ("Oklo Inc.") (NYSE:OKLO) concerning possible violations of federal securities laws.
Kerrisdale Capital published a short report on Oklo on November 20, 2024, 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 this news, Oklo's stock price fell over 3% on the same day. To obtain additional information, go to:
https://zlk.com/pslra-1/oklo-inc-lawsuit-submission-form?prid=113127&wire=1
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
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SOURCE: Levi & Korsinsky, LLP