By Dean Seal
Shareholders of AltC Acquisition have voted to give the blank-check company until next summer to consummate a business combination.
The special-purpose acquisition company said on Thursday that its stockholders extended the deadline for a tie-up to July 12. It was originally set to expire on Oct. 12.
The new July 12 deadline will be about one year after AltC entered into an agreement to combine with Oklo, an advanced fission technology and nuclear fuel recycling company. Upon closing, the combined company would operate under the Oklo name and be listed under the ticker OKLO on the New York Stock Exchange.
The deal is expected to close in late 2023 or early next year, AltC said Thursday.
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