Sable Offshore Corp. Files 8-K for Material Agreement
Ticker: SOC · Form: 8-K · Filed: Sep 24, 2024 · CIK: 1831481
Sentiment: neutral
Topics: material-definitive-agreement, equity-securities, filing
TL;DR
Sable Offshore Corp. just filed an 8-K for a material definitive agreement and unregistered equity sales.
AI Summary
On September 19, 2024, Sable Offshore Corp. entered into a material definitive agreement related to unregistered sales of equity securities. The company, formerly known as Flame Acquisition Corp., is incorporated in Delaware and its fiscal year ends on December 31st.
Why It Matters
This filing indicates a significant transaction or event for Sable Offshore Corp., potentially impacting its financial structure or operational agreements.
Risk Assessment
Risk Level: medium — Filings related to material definitive agreements and unregistered equity sales can introduce uncertainty and potential dilution, requiring further investigation.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- Sable Offshore Corp. (company) — Registrant
- Flame Acquisition Corp. (company) — Former Company Name
- September 19, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-40111 (identifier) — Commission File Number
- 85-3514078 (identifier) — I.R.S. Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Sable Offshore Corp. on September 19, 2024?
The filing indicates a material definitive agreement was entered into, but the specific details of the agreement are not provided in this excerpt.
What type of equity securities were sold unregistered by Sable Offshore Corp.?
The filing mentions unregistered sales of equity securities, but the specific type of securities is not detailed in this excerpt.
What was Sable Offshore Corp.'s former name?
Sable Offshore Corp.'s former name was Flame Acquisition Corp.
When is Sable Offshore Corp.'s fiscal year end?
Sable Offshore Corp.'s fiscal year ends on December 31st.
In which state is Sable Offshore Corp. incorporated?
Sable Offshore Corp. is incorporated in Delaware.
Filing Stats: 663 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-09-24 17:27:32
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share SOC The New York Stock Ex
- $11.50 — of Common Stock at an exercise price of $11.50 per share SOC.WS The New York Stock
- $150 m — gregate purchase price of approximately $150 million, on the terms and subject to the
Filing Documents
- d889240d8k.htm (8-K) — 28KB
- d889240dex101.htm (EX-10.1) — 129KB
- 0001193125-24-224916.txt ( ) — 355KB
- soc-20240919.xsd (EX-101.SCH) — 4KB
- soc-20240919_def.xml (EX-101.DEF) — 14KB
- soc-20240919_lab.xml (EX-101.LAB) — 24KB
- soc-20240919_pre.xml (EX-101.PRE) — 15KB
- d889240d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits Exhibit No. Description of Exhibits 10.1 Form of Subscription Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sable Offshore Corp. Date: September 24, 2024 By: /s/ Gregory D. Patrinely Name: Gregory D. Patrinely Title: Executive Vice President and Chief Financial Officer 3