10-Q Filing

Oklo Inc. CIK: 1849056 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001410578-21-000267`
Period End Date	20210930
Filing Date	20211115
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	alcc-20210930x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 14 Cash Flow Statement 25 Stockholders Equity 15

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value, (per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.44M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid Expenses	`PrepaidExpenseCurrent`	$1.47M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.91M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$500.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$504.95M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$96.48K	USD	Point-in-time
Accrued offering costs	`AccruedOfferingCosts`	$12.77K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$109.25K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredOfferingCostsNoncurrent`	$17.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$17.61M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary share subject to possible redemption, 50,000,000 shares at redemption value as of September 30, 2021	`TemporaryEquityCarryingAmountAttributableToParent`	$500.00M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.66M	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	-	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	$24.00K	USD	Point-in-time
Total Stockholder's Equity	`StockholdersEquity`	$-12.66M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY	`LiabilitiesAndStockholdersEquity`	$504.95M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Formation and operational costs	`OperatingCostsAndExpenses`	$569.02K	USD	1 Quarter
Formation and operational costs	`OperatingCostsAndExpenses`	$570.02K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-570.02K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-569.02K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$40.90K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InterestEarnedOnMarketableSecuritiesHeldInTrustAccount`	$40.90K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$33.84K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$33.84K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-536.18K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-535.18K	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-536.18K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$40.90K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	3 Qtrs
Unrealized loss on marketable securities held in Trust Account	`UnrealizedGainLossOnInvestments`	$-7.05K	USD	1 Quarter
Offering Costs	`OfferingCosts`	$168.41K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.47M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$96.48K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.78M	USD	3 Qtrs
Investment of cash into Trust Account	`PaymentsForInvestmentOfCashInTrustAccount`	$500.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00M	USD	3 Qtrs
Proceeds from issuance of Class B common stock to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	3 Qtrs
Proceeds from sale of Units, net of underwriting discounts paid	`NetProceedsFromInitialPublicOffering`	$491.42M	USD	3 Qtrs
Proceeds from sale of Private Placement Shares	`ProceedsFromIssuanceOfWarrants`	$14.50M	USD	3 Qtrs
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$500.00K	USD	3 Qtrs
Repayment of promissory note - related party	`RepaymentsOfRelatedPartyDebt`	$500.00K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$727.77K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$505.22M	USD	3 Qtrs
Net change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.44M	USD	3 Qtrs
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44M	USD	Point-in-time
Cash - Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.44M	USD	Point-in-time
Cash - End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccountsPayableAccruedExpenses`	$102.00K	USD	3 Qtrs
Initial Classification of Class A common stock subject to possible redemption	`InitialClassificationOfClassCommonStockSubjectToPossibleRedemption`	$500.00M	USD	3 Qtrs
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$17.50M	USD	3 Qtrs

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance at the beginning	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$-12.66M	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Sale of 1,450,000 Private Placement Shares	`StockIssuedDuringPeriodValueIssuedForServices`	$14.50M	USD	1 Quarter
Accretion for Class A common stock to redemption amount	`StockRedeemedOrCalledDuringPeriodValue`	$-26.65M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-536.18K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-1.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-535.18K	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$24.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$-12.66M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.