Oklo Snaps Up Nuclear Engineering Specialist To Accelerate Aurora Commercialization

Oklo Inc. (NYSE: OKLO ) stock edged higher in Tuesday’s premarket session after the stock climbed 5.52% in Monday’s regular trading session. The modest gain came as broader market futures were little changed, with Nasdaq futures down 0.04% and S&P 500 futures nearly flat. Oklo Expands Sodium Engineering Expertise With CEI Acquisition On Tuesday, Oklo announced it acquired Creative Engineers Inc. (CEI), a specialist in sodium and alkali-metal engineering, to strengthen capabilities for its Aurora sodium-cooled fast reactor program. Financial terms of the deal were not disclosed. OKLO held cash and cash equivalents of $1.59 million as of March 31, 2016. The deal adds expertise in liquid-metal systems, fabrication, testing, and research, which Oklo said will help accelerate commercialization, improve design efficiency, and reduce execution risk. CEI, which has generated posit...