09:03 AM EST, 11/14/2024 (MT Newswires) -- Oklo ( OKLO ) said Thursday that it has signed a letter of intent to acquire Atomic Alchemy for $25 million in an all-stock transaction.

Oklo ( OKLO ) said all shares issued to Atomic Alchemy owners will be subject to multi-year lock-ups.

Oklo ( OKLO ) said the deal is expected to have a "minimal" immediate impact on its operating costs and is not expected to impact its 2024 outlook.

Shares of the company were up 4% in recent Thursday premarket activity.

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