AltC Acquisition Corp.: insider trades · United States · SEC (Form 4)

About AltC Acquisition Corp.

AltC Acquisition Corp. is a U.S.-based special purpose acquisition company (SPAC) created to raise capital and pursue a merger, share exchange, asset acquisition, reorganization, or other business combination with one or more operating businesses. In its SEC filings, AltC lists a New York business address at 640 Fifth Avenue, 12th Floor, New York, NY 10019, United States, and the company’s public disclosures place it in the U.S. listed market context, with references to NYSE/NASDAQ trading dynamics typical of U.S. SPACs. AltC completed its initial public offering on July 12, 2021, raising $500 million through 50 million Class A shares at $10.00 per share, and simultaneously sold 1.45 million private placement shares to its sponsor for $14.5 million. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849056/000141057824000635/alcc-20240331x10q.htm)) As a SPAC, AltC does not operate a traditional commercial business with recurring product revenue. Its core business is financial and transactional: it holds IPO proceeds in a trust account, invests those funds in U.S. government securities or money-market-like instruments, and seeks to deploy the capital into a merger transaction. This makes AltC fundamentally different from an industrial operating company. Its SEC reporting confirms that the trust proceeds were held pending either the completion of a business combination or liquidation, and that the company extended its original deadline to complete a transaction to July 12, 2024. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849056/000141057824000635/alcc-20240331x10q.htm)) From a competitive standpoint, the SPAC model is won or lost on sponsor credibility, access to capital, deal sourcing, and execution quality. In that sense, AltC’s market position depends less on products and more on its ability to identify an attractive target and close a transaction on terms that preserve post-merger equity value. Its disclosed merger agreement with Oklo Inc., signed on July 11, 2023, is the key strategic milestone in the company’s recent history and indicates a target profile aligned with long-duration thematic growth. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849056/000141057824000365/alcc-20231231x10k.htm)) For investors in France, Belgium, and Switzerland, the important lens is not operating KPIs but deal probability, timing, dilution, and post-closing equity re-rating potential. AltC’s SEC filings show the company actively advanced proxy and registration materials for the proposed transaction, which are central to assessing closing risk and shareholder approval dynamics. The company also disclosed that if the deal failed to close by the deadline, there was material uncertainty around its going-concern status, underscoring the binary nature of SPAC investing. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849056/000141057824000365/alcc-20231231x10k.htm)) In summary, AltC Acquisition Corp. is a U.S.-listed SPAC on the NYSE/NASDAQ ecosystem in the United States, with value creation driven primarily by M&A execution rather than by an operating product portfolio. Its recent history is defined by the July 2021 IPO, the extension of its combination deadline, and the regulatory process around its proposed merger with Oklo. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1849056/000141057824000635/alcc-20240331x10q.htm))