Why Oklo Stock Tumbled by Almost 4% on Thursday

Oklo (NYSE: OKLO) aims to raise more capital from a share issue than previously planned, and investors weren't too happy to learn this fact. This information, published in a regulatory disclosure after market hours on Wednesday, helped drive Oklo's stock price down by nearly 4% the following day. That was in a session where the bellwether S&P 500 index closed higher by 0.8%.In the filing, a supplement to an existing sales prospectus, Oklo divulged that it was expanding its recent secondary common share issue to a total of just under $540 million. That means it's adding almost $140 million to the offering, under which it initially reaped gross proceeds of around $400 million by selling nearly 5.46 million shares. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool