AltC Acquisition Corp. Announces Pricing of Upsized $450 Million Initial Public Offering

NEW YORK, July 7, 2021 /PRNewswire/ -- AltC Acquisition Corp. (the "Company") announced the pricing of its upsized initial public offering of 45,000,000 shares of Class A common stock at $10.00 per share. The shares of Class A common stock will be listed on the New York Stock Exchange (the "NYSE") under the symbol "ALCC" commencing on July 8, 2021.

AltC Acquisition Corp. was co-founded by Sam Altman and Michael Klein, who is also the founder and managing partner of M. Klein and Company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup Global Markets Inc. ("Citigroup") is acting as joint bookrunner and representative of the underwriters and each of J.P. Morgan Securities LLC ("J.P. Morgan"), Goldman Sachs & Co. LLC ("Goldman Sachs") and BofA Securities ("BofA") is acting as joint bookrunner. The Company has granted the underwriters a 45-day option to purchase up to 5,000,000 additional shares of Class A common stock at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204, email: [email protected]; Goldman Sachs, Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: +1 866 471 2526, facsimile: +1 212 902 9316, or email: [email protected]; and BofA, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or email: [email protected].

A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact
AltC Acquisition Corp.
[email protected]
Steve Lipin/Lauren Odell
Gladstone Place Partners
212-230-5930

SOURCE AltC Acquisition Corp.