Oklo shares slide after company launches new $1B stock offering

Movers Written by: Angela Harmantas 11:12 Fri 11 Sep 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Oklo shares slide after company launches new $1B stock offering Published: 11:12 11 Sep 2026 EDT Oklo Inc (NYSE:OKLO) shares fell more than 7% on Friday after the company launched a new $1 billion at-the-market stock offering program. The move follows the full utilization of Oklo's previous $1 billion ATM program, which was launched in May and exhausted within four months. Under that program, the company sold 17.97 million shares at an average price of $55.64. Should Oklo raise the full $1 billion under the new ATM near $40 per share, the company would issue roughly 25 million shares, diluting existing shareholders by approximately 11.5%. At-the-market offerings tend to pressure share prices because they increase the total number of shares outstanding, diluting existing shareholders' ownership stakes and earnings per share. The stock is down more than 48% year to date. Continue reading