Gold prices edge up after sharp losses; US inflation data awaited
Director Michael Klein and M. Klein Associates, Inc., a ten percent owner, reported selling shares of Oklo Inc. EXCHANGE:OKLO on June 23, 2025. The sales amounted to a total of $2.74 million, with prices ranging from $53.7064 to $55.2205 per share. The stock, which has surged over 545% in the past year and currently trades near $55.57, has shown significant momentum with a 157% gain over the last six months.
Specifically, three separate transactions were reported. The first involved the sale of 25,000 shares. The second transaction involved the sale of 12,100 shares at $53.7064 per share. The third transaction involved the sale of 12,900 shares at $55.2165 per share.
Following these transactions, M. Klein Associates, Inc. continues to own 200,000 shares.
In other recent news, Oklo Inc. has announced a $400 million public offering of common stock, with Goldman Sachs & Co (NYSE:GS). LLC and BofA Securities serving as lead book-running managers. The company plans to use the proceeds for general corporate purposes, working capital, capital expenditures, and potential future investments. This announcement comes as Oklo also revealed strategic collaborations with Hexium, TerraPower, and Lawrence Livermore National Laboratory to advance domestic production of High-Assay Low-Enriched Uranium (HALEU), a critical fuel for advanced nuclear reactors. The collaboration aims to evaluate Atomic Vapor Laser Isotope Separation (AVLIS) technology, which could offer more precise and energy-efficient uranium enrichment.
Additionally, a Senate panel proposed extending tax credits for nuclear power until 2036, potentially reshaping investment priorities in the energy sector. This policy shift has been favorable for nuclear energy companies, including Oklo, as it aligns with recent executive orders supporting the nuclear industry. The proposed stock offering is still subject to market conditions, with no guarantees regarding its completion or terms. Meanwhile, Oklo’s partnership efforts align with the Department of Energy’s projections of needing up to 40 metric tons of HALEU annually by the early 2030s, addressing a significant bottleneck in U.S. advanced nuclear deployment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.