Ocean Tomo, part of J.S. Held, served as monetary advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of roughly $850M.
CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ — Ocean Tomo, part of J.S. Held, acted as monetary and technical advisor to AltC Acquisition Corp., a particular function acquisition firm co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., a sophisticated fission expertise and nuclear gas recycling firm.
As monetary and technical advisors, we carried out an in depth evaluation of Oklo’s nuclear reactor expertise, license purposes, and regulatory approvals. We additionally carried out a benchmark evaluation of Oklo in comparison with different superior nuclear and various power applied sciences and market contributors.
“J.S. Held in-house technical specialists developed an intensive understanding of Oklo’s expertise, market place, and regulatory improvement; and knowledgeable by this expertise and enterprise intelligence, Ocean Tomo, part of J.S. Held carried out an intensive monetary evaluation contemplating Oklo’s anticipated unit economics and enterprise technique”, shares Noor Al-Banna, Director . Managing Director Greg Campanella observes, “The AltC/Oklo transaction affords a transparent demonstration of the advantages of Ocean Tomo, part of J.S. Held’s multi-disciplinary strategy to consumer engagements, combining monetary, technical, and mental property experience to supply best-in-class technical and monetary advisory providers.”
Working alongside Citigroup World Markets Inc. (capital markets advisor to AltC.), Weil Gotshal & Manges LLP (authorized counsel to AltC.), and Morgan Lewis & Bockius (nuclear regulatory counsel to AltC.), our technical and strategic evaluation supplied the elemental constructing blocks utilized in our analyses supporting the Equity Opinion supplied to the Board of Administrators of AltC Acquisition Corp, supporting the acquisition of Oklo at a pre-money valuation of roughly $850M.
About Ocean Tomo, part of J.S. Held
Ocean Tomo gives Skilled Opinion, Administration Consulting, and Advisory Companies associated to mental property (IP) and different intangible belongings. Observe choices deal with financial injury calculations and testimony; enterprise licensing technique and contract interpretation; commerce secret affordable measures; asset and enterprise valuation; technique and danger administration consulting; merger and acquisition advisory; debt and fairness personal placement; and IP brokerage.
Subsidiaries of Ocean Tomo embrace Ocean Tomo Investments Group, LLC, a registered broker-dealer. As part of J.S. Held, Ocean Tomo works alongside greater than 1500 professionals globally and assists shoppers – companies, insurers, legislation companies, governments, and institutional traders – on complicated technical, scientific, and monetary issues throughout all belongings and worth in danger.
J.S. Held is a world consulting agency offering technical, scientific, and monetary experience throughout all belongings and worth in danger. Our professionals function trusted advisors to organizations going through high-stakes occasions demanding pressing consideration, staunch integrity, clear-cut evaluation, and an understanding of each tangible and intangible belongings. The agency gives a complete suite of providers, merchandise, and knowledge that allow shoppers to navigate complicated, contentious, and infrequently catastrophic conditions.
Kristi Stathis, Ocean Tomo, part of J.S. Held, +1 773 294 4360, Kristi.Stathis@jsheld.com
SOURCE Ocean Tomo, part of J.S. Held