Urgent buy limit adjustment (ALCC)

9th May 2024 | Sam Volkering

Quick note today to say that we’ve decided to lift the buy limit on AltC Acquisition Corp (NYSE:ALCC) to $16.50.

The reason for this is that the stock will relist tomorrow on the NYSE as Oklo (OKLO) as per the company announcement this week which you can see here.

We had predicted this business combination would complete by July, but it came quicker than we expected and already the stock is fast gathering pace. That said, today is the last day to get into the stock as ALCC before it turns into OKLO.

We think that from here the stock will kick higher when you combine the momentum getting behind the nuclear energy theme along with the fact Oklo is another major project with Sam Altman right behind it.

Once the stock relists as Oklo (which in your brokerage account may take a few days to process, it’s wholly dependent on the speed of your broker) we think it will go higher again and that in the long term there is huge potential.

This is why we think we should widen the buy limit to $16.50 as the stock is now trading at $15.17 and it looks set to rise higher again today, the last day it will trade as ALCC.

Also note that this means that once it does relist, then we will continue to track and record the stock in our portfolio as Oklo Inc with the ticker OKLO. If the stock trades under $16.50 then it will be an open buy.

Regards,

Sam Volkering
Co-editor, Southbank Growth Advantage

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