Key TakeawaysOklo unveiled an at-the-market stock sale program designed to generate up to $1 billion through Class A common share sales.A consortium of ten prominent Wall Street firms will serve as sales agents, featuring Goldman Sachs, J.P. Morgan, and Morgan Stanley.Participating agents will receive compensation of up to 1.5% based on gross proceeds from shares they facilitate selling.This arrangement supersedes a previous May 2026 agreement through which the company successfully raised roughly $1 billion.Shares of OKLO declined approximately 5% during Friday morning trading after the disclosure.Oklo (OKLO) experienced a decline of roughly 5% during early Friday trading hours following the company’s disclosure of a new at-the-market equity sale program with the potential to generate as much as $1 billion in capital.Oklo Inc., OKLOThe disclosure emerged through a regulatory filing dated September 11, 2026, detailing an equity distribution arrangement involving ten prominent financial institutions.The designated sales agents participating in this arrangement consist of Goldman Sachs, BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, Morgan Stanley, Barclays, Cantor Fitzgerald, Guggenheim Securities, Canaccord Genuity, and B. Riley Securities.The program provides Oklo with flexibility to offer Class A common shares at its discretion through standard brokerage transactions executed on the New York Stock Exchange or alternative trading platforms.Shares may alternatively be distributed through over-the-counter markets, privately arranged deals, block transactions, or any strategic combination thereof.Share pricing will be determined by current market conditions or through negotiated agreements at the moment of execution.Sales agents participating in the program will earn commissions reaching up to 1.5% calculated from the gross proceeds of each share successfully sold.New Program Succeeds Fully-Utilized $1B FacilityThis newly established arrangement takes the place of a previous equity distribution framework that Oklo initiated on May 13, 2026.The earlier framework was officially terminated on September 10, 2026, just one day prior to this new regulatory filing.Through the previous arrangement, Oklo successfully distributed 17,971,448 shares, accumulating gross capital of approximately $1 billion.The company verified that no termination penalties or fees were incurred in connection with concluding the previous agreement.In effect, Oklo is transitioning to a new $1 billion capital-raising mechanism after fully utilizing the capacity of its predecessor program.Market Reaction to the AnnouncementAt-the-market equity programs typically exert downward pressure on share prices due to concerns about shareholder dilution from additional stock issuance.Market participants responded swiftly, with OKLO shares retreating approximately 5% during early Friday trading following publication of the filing.The stock had previously experienced downward momentum before Friday’s session, with the new offering announcement intensifying selling pressure.As a development-stage enterprise without substantial revenue generation, Oklo regularly depends on capital-raising initiatives to finance ongoing operations.The nuclear energy firm has now secured approximately $1 billion through its initial ATM facility and is pursuing an additional $1 billion through this newly established program.The post Oklo (OKLO) Shares Slide 5% Following $1 Billion Equity Program Announcement appeared first on Blockonomi.