A manic rally for Oklo Inc., a developer of advanced nuclear systems backed by Sam Altman, has delivered a massive paper windfall to its founders and early investors since going public earlier this year. Peter Thiel’s venture capital firm is among those able to start cashing in soon.
Major venture capital investors that previously served on the company’s board can begin divesting some 13.5 million shares as soon as Wednesday after restrictions preventing early backers from selling are lifted, six months after Oklo’s blank-check deal closed.