Pillsbury advised Oklo Inc., an advanced fission technology and nuclear fuel recycling company, in entering a definitive agreement to merge with special purpose acquisition company AtlC Acquisition Corp.

Since the merger, the combined company operates as Oklo and was recently listed on the New York Stock Exchange under the ticker “OKLO,” which values the company at close to $600 million.

Oklo has revolutionized the energy landscape by developing affordable, reliable, clean energy solutions at scale; providing reliable, commercial-scale energy to customers; and selling used nuclear fuel recycling services to the U.S. market to meet the global demand for emission-free energy.

According to an article by CNBC, Oklo is currently working to build its first small-scale reactor in Idaho, which could eventually power the types of data centers that OpenAI and other artificial intelligence companies need to run their AI models and services.

To learn more about the transaction, click here and here.

The Pillsbury deal team included Energy partners Elina Teplinsky and Anne Leidich.