Shares of Oklo Inc. (OKLO) plummeted 6.15% in intraday trading on Thursday, following the company's announcement of a potential securities offering of up to $3.5 billion. The significant drop comes as investors react to the news, which was revealed in a recent SEC filing.

The proposed offering, which could see Oklo Inc. offer and sell securities worth up to $3.5 billion, has raised concerns among investors about potential share dilution. While the company has not provided specific details about the timing or the exact nature of the offering, such large-scale fundraising efforts often lead to a decrease in stock price as investors anticipate an increase in the total number of outstanding shares.

As trading progresses, investors will likely be closely watching for further details about Oklo Inc.'s plans for the potential $3.5 billion raise and how it might impact the company's future growth strategy and financial position. While the market's immediate reaction has been negative, it's worth noting that the funds raised could potentially be used for expansion, research and development, or other strategic initiatives that may benefit the company in the long term.