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AltC Acquisition Priced, NYSE: ALCC

Blank check company formed by Michael Klein and OpenAI co-founder Sam Altman (pending: Oklo).

Industry: SPAC

Latest Trade: $12.81 0.00 (0.0%)

First Day Return: -0.2%

Return from IPO: +28.1%

Industry: SPAC

We are a newly incorporated blank check company. Our team will be led by our co-founder, Sam Altman, an entrepreneurial and thought leader with a proven track-record of growth investing within the technology industry. Mr. Altman is also the co-founder and CEO of OpenAI, a leading artificial intelligence (“AI”) research and deployment company, and the Chairman of Y Combinator. Our co-founder, Michael Klein, is also the founder and managing partner of M. Klein and Company, which he founded in 2012. We expect to favor potential target companies with certain industry and business characteristics. Key industry characteristics include compelling long-term growth prospects, opportunities to affect valuation improvements at the company, attractive competitive dynamics and consolidation opportunities. Key business characteristics include competitive advantages, significant streams of recurring revenue, opportunity for operational improvement, attractive steady-state margins, high incremental margins and attractive free cash flow characteristics.
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IPO Data
IPO File Date 03/15/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/07/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 45.0
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
J.P. Morgan
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Company Data
Headquarters New York, NY, United States
Founded 2021
Employees 2

AltC Acquisition (ALCC) Performance