AltC Acquisition Corp. (formerly Churchill Capital Corp. VIII)
General Information | |
Business: | Note: We were incorporated as Churchill Capital Corp VIII on Feb.1, 2021, and changed our name to AltC Acquisition Corp. on Feb. 24, 2021. This is an offering of shares – NOT units. (Most SPAC or blank-check IPOs are unit offerings.) We expect to focus on a target in an industry where we believe our management team and co-founders’ expertise will provide us with a competitive advantage. Our team will be led by our co-founder, Sam Altman, an entrepreneurial and thought leader with a proven track-record of growth investing within the technology industry. Mr. Altman is also the co-founder and CEO of OpenAI, a leading artificial intelligence (“AI”) research and deployment company, and the Chairman of Y Combinator. Our co-founder, Michael Klein, is also the founder and managing partner of M. Klein and Company, which he founded in 2012. M. Klein and Company is a global strategic advisory firm that provides its clients a variety of advice tailored to their objectives. He previously was the CEO of global banking at Citi, CEO of Citi Markets & Banking, Europe, and co-head of global investment banking for Salomon Smith Barney. (Note: AltC Acquisition Corp. upsized its SPAC IPO at pricing on July 7, 2021, to 45 million shares, up from 40 million shares, at $10 each to raise $450 million. The company had slashed the deal to 40 million shares from its initial size of 100 million shares, at $10 each, in an S-1/A filing dated June 4, 2021.) |
Industry: | BLANK CHECKS |
Employees: | 0 |
Founded: | 2021 |
Contact Information | |
Address | 640 Fifth Avenue, 12th Floor New York, NY 10019 |
Phone Number | (212) 380-7500 |
Web Address | |
View Prospectus: | AltC Acquisition Corp. (formerly Churchill Capital Corp. VIII) |
Financial Information | |
Market Cap | $562.5mil |
Revenues | $0 mil (last 12 months) |
Net Income | $0 mil (last 12 months) |
IPO Profile | |
Symbol | ALCC |
Exchange | NYSE |
Shares (millions): | 45.0 |
Price range | $10.00 - $10.00 |
Est. $ Volume | $450.0 mil |
Manager / Joint Managers | Citigroup/ J.P. Morgan/ Goldman Sachs/ BofA Securities |
CO-Managers | B. Riley, Inc./ Academy Securities/ Drexel Hamilton/ Farvahar Capital/ Tigress Financial Partners |
Expected To Trade: | 7/8/2021 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |