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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Oklo Inc. - OKLO

1. Pomerantz LLP is investigating securities fraud claims against Oklo Inc. 2. Kerrisdale Capital's report criticized Oklo's viability and inflated valuation. 3. Oklo's stock dropped 3.9% after the publication of the report. 4. The investigation could affect investor confidence in Oklo's future. 5. Pomerantz is known for recovering damages in securities litigation.

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FAQ

Why Bearish?

The investigation suggests potential fraud, impacting investor confidence negatively, as seen in similar past cases.

How important is it?

The ongoing investigation could significantly impact Oklo's reputation and stock performance.

Why Short Term?

Immediate investor reactions to investigations typically influence stock prices quickly.

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KERRSPAC
NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Oklo Inc. ("Oklo" or the "Company") (NYSE: OKLO). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Oklo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On November 20, 2024, Kerrisdale Capital ("Kerrisdale") published a short report on Oklo, which it described as "a $3B nuclear energy company that went public via SPAC six months ago — with no regulator-approved design, no revenue for years, and no proven commercial viability for its planned 15-50 MWe microreactors."  The Kerrisdale report asserted that Oklo faces massive technical and financial challenges" in its quest to become the owner-operator of hundreds of nuclear "powerhouses" and that "[i]n classic SPAC fashion, Oklo has sold the market on inflated unit economics while grossly underestimating the time and capital it will take to commercialize its product. . . . Virtually every aspect of Oklo's investment case warrants skepticism." Following publication of the Kerrisdale report, Oklo's stock price fell $0.85 per share, or 3.9%, to close at $20.95 per share on November 20, 2024. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising.  Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP

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