# Oklo — Capital Time Machine Oklo used three preferred-share classes and SAFEs before merging with AltC. The filing discloses original issue prices and the conversion into listed common shares. Canonical citation: https://capitaltimemachine.com/private/oklo Ticker: OKLO Sector: Energy Public-market route: SPAC merger Evidence reviewed: 2026-09-24 ## How to use this research Selected historical funding and listing evidence, not a complete private cap table or live quote. Funding totals, company valuations and per-share prices are different measures. A hypothetical value is not actual sale proceeds; investor access is not established. ## Funding and listing history ### A-1 — Series A-1 snapshot Date: 2024-03-31 Event type: Preferred equity snapshot 4,526,703 preferred shares outstanding. Aggregate liquidation amount $21,074,971; this is not a newly raised cash amount on the snapshot date. Reported price: $4.6557 original issue price Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. ### A-2 — Series A-2 snapshot Date: 2024-03-31 Event type: Preferred equity snapshot 55,135 preferred shares outstanding. Aggregate liquidation amount $199,997; this is not a newly raised cash amount on the snapshot date. Reported price: $3.6274 original issue price Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. ### A-3 — Series A-3 snapshot Date: 2024-03-31 Event type: Preferred equity snapshot 2,004,043 preferred shares outstanding. Aggregate liquidation amount $3,854,977; this is not a newly raised cash amount on the snapshot date. Reported price: $1.9236 original issue price Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. ### safe — SAFEs convert at closing Date: 2024-05-09 Event type: SAFE conversion Legacy SAFEs converted into 8,407,894 common shares. The filing distinguishes this from preferred-share conversion. Source: [2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1849056/000162828025014490/oklo-20241231.htm) Source location: Business combination and preferred-stock notes: 6.062 exchange ratio; SAFE conversion; earnout triggers. ### listing — Oklo begins public trading Date: 2024-05-10 Event type: SPAC listing Combination with AltC supplied $306 million in gross proceeds before transaction expenses. Reported capital or financing: $306 million gross Source: [NYSE trading announcement](https://oklo.com/newsroom/oklo-inc-begins-trading-on-the-new-york-stock-exchange) Source location: May 10, 2024: public listing and $306 million gross transaction proceeds. ### earnout — Contingent shares trigger Date: 2024-11 Event type: Post-listing corporate action The annual report records founder vesting and earnout triggers in November 2024. These additional allocations are outside the base-share calculator. Source: [2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1849056/000162828025014490/oklo-20241231.htm) Source location: Business combination and preferred-stock notes: 6.062 exchange ratio; SAFE conversion; earnout triggers. ## Documented share calculations ### A-1 — Series A-1 · original issue price Starting price: 4.6557 USD per starting share Starting date or context: Mar 31, 2024 · filing snapshot, not investment date Base conversion: 6.062 common-share equivalents per starting share, before dated public splits One preferred share became one legacy common share, then approximately 6.062 listed shares (filing-rounded ratio). Contingent earnout shares are excluded, so this is a base-share illustration only. Public trading begins: 2024-05-10 Supported ending dates begin: 2024-05-10 Share basis reviewed through: 2024-05-10 The ending share price and its date must be supplied by the user. Formula: amount ÷ 4.6557 × (6.062) × applicable dated public splits × ending share price. Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. Source: [2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1849056/000162828025014490/oklo-20241231.htm) Source location: Business combination and preferred-stock notes: 6.062 exchange ratio; SAFE conversion; earnout triggers. ### A-2 — Series A-2 · original issue price Starting price: 3.6274 USD per starting share Starting date or context: Mar 31, 2024 · filing snapshot, not investment date Base conversion: 6.062 common-share equivalents per starting share, before dated public splits One preferred share became one legacy common share, then approximately 6.062 listed shares (filing-rounded ratio). Contingent earnout shares are excluded, so this is a base-share illustration only. Public trading begins: 2024-05-10 Supported ending dates begin: 2024-05-10 Share basis reviewed through: 2024-05-10 The ending share price and its date must be supplied by the user. Formula: amount ÷ 3.6274 × (6.062) × applicable dated public splits × ending share price. Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. Source: [2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1849056/000162828025014490/oklo-20241231.htm) Source location: Business combination and preferred-stock notes: 6.062 exchange ratio; SAFE conversion; earnout triggers. ### A-3 — Series A-3 · original issue price Starting price: 1.9236 USD per starting share Starting date or context: Mar 31, 2024 · filing snapshot, not investment date Base conversion: 6.062 common-share equivalents per starting share, before dated public splits One preferred share became one legacy common share, then approximately 6.062 listed shares (filing-rounded ratio). Contingent earnout shares are excluded, so this is a base-share illustration only. Public trading begins: 2024-05-10 Supported ending dates begin: 2024-05-10 Share basis reviewed through: 2024-05-10 The ending share price and its date must be supplied by the user. Formula: amount ÷ 1.9236 × (6.062) × applicable dated public splits × ending share price. Source: [June 2024 Form S-1](https://www.sec.gov/Archives/edgar/data/1849056/000110465924073383/oklo-20240331xs1.htm) Source location: Note 8: preferred classes, original issue prices, shares outstanding and liquidation amounts as of March 31, 2024. Source: [2024 Form 10-K](https://www.sec.gov/Archives/edgar/data/1849056/000162828025014490/oklo-20241231.htm) Source location: Business combination and preferred-stock notes: 6.062 exchange ratio; SAFE conversion; earnout triggers. ## Later share adjustments No separate share-class distribution is modeled. ## Coverage gaps and limitations - The preferred-price table is a March 31, 2024 snapshot; class names do not establish each investor’s purchase date. - The model excludes contingent earnout shares, including triggers subsequently reached in November 2024. It is a base-share price illustration, not a complete investment return. - SAFE investors had contract-specific conversion terms; no uniform SAFE entry price is inferred. Entered prices and later-date share-basis assumptions are unverified. Excludes fees, taxes, dividends, warrants and other distributions; fractional shares are illustrative. Historical investor allocations, minimums and selling rights are not established. Methodology: https://capitaltimemachine.com/methodology Research terms: https://capitaltimemachine.com/terms