Case Studies

Financial Advisor to AltC Acquisition Corp. in Advanced Nuclear Oklo Transaction

J.S. Held Strengthens Forensic Accounting and Financial Investigations Expertise and Expands Suite of Services in Canada with Acquisition of ADS Forensics

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Background

Ocean Tomo, a part of J.S. Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company. The engagement began with a detailed assessment of Oklo’s nuclear reactor technology, license applications, and regulatory approvals. This assessment also included the benchmarking of Oklo against other advanced nuclear energy and alternative energy technologies and market participants. With a thorough understanding of Oklo’s technology, market position and regulatory development, Ocean Tomo performed a thorough financial analysis considering the Company’s anticipated unit economics and business strategy. The Oklo transaction is a clear demonstration of Ocean Tomo’s multi-disciplinary approach to client engagements, combining financial, technical, and intellectual property expertise to provide best in class, defensible technical and financial advisory services.

Engagement

Ocean Tomo's role as financial advisor on this transaction included not only a strategic assessment of Oklo’s go-to-market plans, but also an analysis of the Company’s technology and intellectual property. The multi-disciplinary team’s ability to analyze both the technology and strategy allowed us to provide a robust Fairness Opinion to the Board of Directors of AltC Acquisition Corp.

Results

Ocean Tomo, a part of J.S. Held, served as financial advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.

Key Contacts

Gregory Campanella
Senior Managing Director
Intellectual Property
+1 415 946 2605
[email protected]


Molly Keelan
Senior Director, Strategic Accounts
Intellectual Property
+1 312 622 3471
[email protected]

Related Practice Areas

> Intellectual Property Advisory
Our intellectual property (IP) experts at Ocean Tomo, a part of J.S. Held, deliver strategic advisory in IP transactions, fundraising, and investment banking. We provide IP-based services and products to IP-rich corporations looking for nontraditional ways to approach structural, capital, and strategic needs. In IP transactions, we offer a purpose-built continuum of proven solutions to monetize patent, trademark, copyright, trade secret, and domain IP.

> Intellectual Property
Ocean Tomo, a part of J.S. Held, provides expert opinion, management consulting, advisory, and specialty services focused on matters involving intellectual property (IP) and other intangible assets. Our intellectual property services address economic damage calculations and testimony; business licensing strategy and contract interpretation; patent-focused business intelligence; portfolio development strategy; litigation support; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

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