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### AltC Acquisition Corp. Announces Sam Altman as Chairman of the Board for Oklo

#### AltC Acquisition Corp. and Oklo Inc. Reach Deal Bringing in $306 Million in Proceeds

**New York, May 7, 2024** – AltC Acquisition Corp. (“AltC”) (NYSE: ALCC) has successfully secured approval from its stockholders for the business combination with Oklo Inc., a pioneering clean power technology and nuclear fuel recycling company. The approval paves the way for a significant influx of funds, with almost $306 million in gross proceeds expected to accelerate Oklo’s business plan upon completion of the transaction on May 9, 2024.

**How AI legalese decoder Can Help:** AI legalese decoder can assist in simplifying the complex legal jargon surrounding the business combination between AltC and Oklo. By breaking down the intricate language used in legal documents, AI legalese decoder can provide a clearer understanding of the terms and conditions involved in the transaction, making it easier for stakeholders to navigate the process.

#### Newly Appointed Board of Directors

The post-merger board of directors for Oklo will be led by Sam Altman, serving as chairman, alongside a team of esteemed industry leaders with diverse expertise. This strategic composition aims to leverage the collective knowledge and networks of the directors to drive Oklo’s vision of providing clean, reliable, and affordable energy on a global scale.

**How AI legalese decoder Can Help:** AI legalese decoder can assist in deciphering the legal implications of board appointments and the responsibilities associated with them. By analyzing the legal language surrounding the directorial roles, AI legalese decoder can provide insights into the governance structure and decision-making processes within the organization.

#### Strong Financial Position Post-Transaction

Upon the completion of the merger, Oklo is set to receive a substantial financial boost, with the AltC proceeds and a recent $25 million customer prepayment fortifying the company’s balance sheet. This financial foundation positions Oklo to execute its mission of deploying next-generation fast reactor technology to meet the evolving energy needs of various sectors.

**How AI legalese decoder Can Help:** AI legalese decoder can assist in demystifying the financial intricacies involved in the post-transaction landscape. By analyzing the financial statements and terms outlined in the agreement, AI legalese decoder can provide clarity on the financial implications of the merger and the projected growth trajectory for Oklo.

#### Forward Looking Statements

The communication includes forward-looking statements that outline the anticipated outcomes and challenges post-transaction. These statements serve as a guide for stakeholders to understand the potential risks and opportunities associated with the business combination.

**How AI legalese decoder Can Help:** AI legalese decoder can assist in interpreting the forward-looking statements and identifying key indicators for assessing the future performance of the combined company. By analyzing the predictive language used in the statements, AI legalese decoder can provide insights into the expected outcomes and potential pitfalls that may arise post-merger.

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