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 Securities/ Academy Securitie/ Drexel Hamilton/ Farvahar Capital/ Tigress Financial Partners
Expected To Trade: 7/8/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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