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Oklo Inc. (NYSE:OKLO), a $6.99 billion market cap company whose stock has surged over 500% in the past year, held its annual meeting of stockholders on June 4, 2025, where several key resolutions were put to vote. According to InvestingPro analysis, the stock appears overvalued at its current price of $50.29, despite showing strong momentum with a 137% gain year-to-date. The meeting saw the election of Class I directors and the ratification of the company’s independent auditor.
During the meeting, Michael Klein and Lieutenant General (ret.) John Jansen were elected as Class I directors. Klein received 38,934,609 votes in favor, with 5,411,993 votes withheld and 43,740,441 broker non-votes. Jansen secured 44,145,833 votes in favor, 200,769 votes withheld, and had the same number of broker non-votes as Klein.
Additionally, stockholders voted on the ratification of Deloitte & Touche LLP as Oklo’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received 87,560,893 votes in favor, 351,923 votes against, and 174,227 abstentions, with no broker non-votes recorded.
This information is based on a press release filed with the Securities and Exchange Commission.
In other recent news, Oklo Inc. has publicly supported a series of executive orders from the White House aimed at accelerating the deployment of advanced nuclear energy solutions. These orders are part of a strategy to enhance America’s energy independence and involve reforms to the Nuclear Regulatory Commission and the nuclear supply chain. Oklo is also collaborating with Korea Hydro & Nuclear Power (KHNP) to advance its nuclear technology globally, focusing on the development of the Aurora powerhouse. William Blair initiated coverage on Oklo with an Outperform rating, citing the company’s innovative approach to small modular reactors and its unique build, own, and operate strategy. Craig Hallum analysts reaffirmed a Buy rating for Oklo, highlighting the company’s potential to benefit from increasing power demands, especially for AI and data centers. Additionally, Oklo is progressing through the U.S. Nuclear Regulatory Commission’s licensing process for its Aurora powerhouse and has received a site use permit from the Department of Energy. These developments position Oklo as a key player in the evolving nuclear energy landscape.
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