oklo -- nuclear spac viability investigation
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investigation overview
| Status | Pre-litigation investigation |
| Announced | November 2024 |
| Investigating Firms | Bragar Eagel & Squire, Levi & Korsinsky, Bronstein Gewirtz, Pomerantz |
| Stock Drop | -3.9% on kerrisdale report |
background
on november 20, 2024, kerrisdale capital published a short report describing oklo as “a $3B nuclear energy company that went public via spac six months ago — with no regulator-approved design, no revenue for years, and no proven commercial viability for its planned 15-50 mwe microreactors.” the report asserted oklo “sold the market on inflated unit economics while grossly underestimating the time and capital it will take to commercialize its product.”
oklo went public via spac merger approximately six months prior. multiple law firms opened investigations into potential securities law violations but no formal class action has been filed.
sources
last updated: february 22, 2026