Oklo is trading 4.69% down at $37.79 as investors continue reacting to the company’s September 11 announcement of a new $1 billion at-the-market share-sale program.
- The offering can increase the share count and dilute existing shareholders, weighing on the stock after its 11.31% gain on September 17.
- Broader markets are modestly lower, but the dilution overhang appears to be the primary factor behind today’s decline.