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Ocean Tomo, a part of J.S. Held Serves as Financial Advisor to AltC Acquisition Corp. in Advanced Nuclear Oklo Transaction

Ocean Tomo, a part of J.S. Held, served as financial advisor to AltC Acquisition Corp., supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.

CHICAGO, July 25, 2023 /PRNewswire-PRWeb/ -- Ocean Tomo, a part of J.S. Held, acted as financial and technical advisor to AltC Acquisition Corp., a special purpose acquisition company co-founded by Sam Altman and Churchill Capital, in its acquisition of Oklo, Inc., an advanced fission technology and nuclear fuel recycling company.

As financial and technical advisors, we performed a detailed assessment of Oklo's nuclear reactor technology, license applications, and regulatory approvals. We also conducted a benchmark analysis of Oklo compared to other advanced nuclear and alternative energy technologies and market participants.

"J.S. Held in-house technical experts developed a thorough understanding of Oklo's technology, market position, and regulatory development; and informed by this technology and business intelligence, Ocean Tomo, a part of J.S. Held performed a thorough financial analysis considering Oklo's expected unit economics and business strategy", shares Noor Al-Banna, Director . Managing Director Greg Campanella observes, "The AltC/Oklo transaction offers a clear demonstration of the benefits of Ocean Tomo, a part of J.S. Held's multi-disciplinary approach to client engagements, combining financial, technical, and intellectual property expertise to provide best-in-class technical and financial advisory services."

Working alongside Citigroup Global Markets Inc. (capital markets advisor to AltC.), Weil Gotshal & Manges LLP (legal counsel to AltC.), and Morgan Lewis & Bockius (nuclear regulatory counsel to AltC.), our technical and strategic assessment provided the fundamental building blocks used in our analyses supporting the Fairness Opinion provided to the Board of Directors of AltC Acquisition Corp, supporting the acquisition of Oklo at a pre-money valuation of approximately $850M.

About Ocean Tomo, a part of J.S. Held

Ocean Tomo provides Expert Opinion, Management Consulting, and Advisory Services related to intellectual property (IP) and other intangible assets. Practice offerings address economic damage calculations and testimony; business licensing strategy and contract interpretation; trade secret reasonable measures; asset and business valuation; strategy and risk management consulting; merger and acquisition advisory; debt and equity private placement; and IP brokerage.

Subsidiaries of Ocean Tomo include Ocean Tomo Investments Group, LLC, a registered broker-dealer. As a part of J.S. Held, Ocean Tomo works alongside more than 1500 professionals globally and assists clients – corporations, insurers, law firms, governments, and institutional investors – on complex technical, scientific, and financial matters across all assets and value at risk.

J.S. Held is a global consulting firm providing technical, scientific, and financial expertise across all assets and value at risk. Our professionals serve as trusted advisors to organizations facing high-stakes events demanding urgent attention, staunch integrity, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

Media Contact

Kristi Stathis, Ocean Tomo, a part of J.S. Held, +1 773 294 4360, Kristi.Stathis@jsheld.com

SOURCE Ocean Tomo, a part of J.S. Held

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