Sable Offshore Corp. Amends 8-K Filing
Ticker: SOC · Form: 8-K/A · Filed: Nov 25, 2025 · CIK: 1831481
Sentiment: neutral
Topics: amendment, material-agreement, financial-statements
Related Tickers: SOCC
TL;DR
Sable Offshore Corp. (SOCC) filed an 8-K/A on 11/25, amending its 11/3 filing. Details on material agreements and financials.
AI Summary
Sable Offshore Corp. filed an Amendment No. 1 to its Form 8-K on November 25, 2025, to amend and supplement its original filing from November 3, 2025. The amendment pertains to the entry into a material definitive agreement and includes financial statements and exhibits. The company was formerly known as Flame Acquisition Corp. until November 5, 2020.
Why It Matters
This amendment clarifies or adds information to a previous material event, potentially impacting investors' understanding of the company's recent agreements and financial status.
Risk Assessment
Risk Level: low — This is an amendment to a previous filing, not a new material event, suggesting it's for clarification or supplementary information.
Key Players & Entities
- Sable Offshore Corp. (company) — Registrant
- Flame Acquisition Corp. (company) — Former company name
- November 3, 2025 (date) — Date of original 8-K filing
- November 25, 2025 (date) — Date of 8-K/A filing
- November 5, 2020 (date) — Date of former company name change
FAQ
What is the purpose of this 8-K/A filing?
This Amendment No. 1 on Form 8-K/A is being filed to amend and supplement the Current Report on Form 8-K of Sable Offshore Corp. filed on November 3, 2025.
When was the original Form 8-K filed?
The original Form 8-K was filed on November 3, 2025.
What was Sable Offshore Corp. formerly known as?
Sable Offshore Corp. was formerly known as Flame Acquisition Corp.
When did the company change its name from Flame Acquisition Corp.?
The date of the name change from Flame Acquisition Corp. was November 5, 2020.
What are the main items reported in the original 8-K filing that this amendment supplements?
The filing indicates it pertains to 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2025-11-25 06:30:16
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 SOC New York Stock Exchange Indicate
- $225,000,000 — cash proceeds in an amount no less than $225,000,000, which the Company satisfied on Novembe
- $250,000,000 — ith the successful private placement of $250,000,000 of the Company's common stock, and the
- $25.0 million — uires the Company to have not less than $25.0 million in unrestricted cash, measured at the e
Filing Documents
- socc-20251103.htm (8-K/A) — 32KB
- a991_2ndamendmenttotermloan.htm (EX-99.1) — 81KB
- 0001831481-25-000110.txt ( ) — 277KB
- socc-20251103.xsd (EX-101.SCH) — 2KB
- socc-20251103_def.xml (EX-101.DEF) — 6KB
- socc-20251103_lab.xml (EX-101.LAB) — 27KB
- socc-20251103_pre.xml (EX-101.PRE) — 18KB
- socc-20251103_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On November 24, 2025, the Company satisfied all the conditions to effectiveness of the Amendment, including the condition that the Company receive cash proceeds in an amount no less than $225,000,000, which the Company satisfied on November 12, 2025, with the successful private placement of $250,000,000 of the Company's common stock, and the Amendment became effective. The Amendment extends the maturity date of the Senior Secured Term Loan to the earlier of (i) March 31, 2027 or (ii) the date falling 90 days after first sales of hydrocarbons. The Amendment increases the interest rate from ten percent (10%) per annum to fifteen percent (15%) per annum, compounded annually, payable in arrears on January 1st of each year. At the Company's election, accrued but unpaid interest may be deemed paid on each interest payment date by adding the amount of interest owed to the outstanding principal (paid-in-kind) amount under the Senior Secured Term Loan. The Amendment also includes additional reporting covenants and a financial liquidity covenant that requires the Company to have not less than $25.0 million in unrestricted cash, measured at the end of each month. The foregoing summary of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 1.01 by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description of Exhibits 99.1 Second Amendment to Senior Secured Term Loan Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: November 25, 2025 By: /s/ Gregory D. Patrinely Name: Gregory D. Patrinely Title: Executive Vice President and Chief Financial Officer