Oklo stock dipped Thursday after the nuclear start-up unveiled a proposed $400 million common stock offering, one day after shares surged double-digits and closed at a record high. Net proceeds will go toward “general corporate purposes,

Oklo commenced a public offering of $400M of common shares, with an underwriters option to purchase up to an additional $60M of common shares.

Oklo Inc., a nuclear energy startup developing small reactors, is seeking to raise as much as $400 million in a secondary share offering.