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Sable Offshore

Closed (deSPAC)

Energy · offshore oil and gas production and pipelines

What it is
the SPAC and the proposed business combination
What it’s doing now
Merging with Flame Acquisition Corp. (FLME) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

the SPAC and the proposed business combination. Stockholders will also be able to obtain free copies of the preliminary proxy statement, the definitive proxy statement and other documents filed with the SEC, once available, without charge, at the SEC’s website located at www.sec.gov, or by directing a request to Flame Acquisition Corp., 700 Milam Street Suite 3300, Houston, TX 77002. Sable, the SPAC and their respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from the SPAC’s stockholders in respect of the proposed business combination and the other matters set forth in the proxy statement. Information regarding the SPAC’s directors and executive officers is available in the SPAC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was filed with the SEC and is available free of charge at the SEC’s website located at www.sec.gov, or by directing a request to Flame Acquisition Corp., 700 Milam Street Suite 3300, Houston, TX 77002. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests by security holdings or otherwise, will be contained in the proxy statement relating to the proposed business combination when it becomes available. NON-PRODUCING ASSETS The assets that are the subject of the asset acquisition and the business combination have not produced commercial quantities of hydrocarbons since the assets were shut-in during May of 2015 when the only pipeline transporting hydrocarbons produced from such assets to market ceased operations. We estimate in this presentation that production can be recommenced by January 1, 2024; however, there can be no assurance that the necessary p

Source: DEFM14A, accession 0001193125-24-020916

What the company says about itself

Web research — not audited

Sable Offshore Corp. is a Houston-based independent upstream company focused on responsibly developing the prolific Santa Ynez Unit in federal waters offshore California.

Markets:
upstream
What our web check found

[WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Sable Offshore raised approximately $545.0 million in gross equity proceeds during 2025." [https://www.stocktitan.net/sec-filings/SOC/8-k-sable-offshore-corp-reports-material-event-2f59cc70a6e5.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "This came from an upsized public offering of 10,000,000 common shares at $29.50 per share for gross proceeds of about $295.0 million, and a private placement of 45,454,546 shares at $5.50 per share for $250.0 million in gross proceeds." [https://www.stocktitan.net/sec-filings/SOC/8-k-sable-offshore-corp-reports-material-event-2f59cc70a6e5.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "It also amended its Senior Secured Term Loan, extending maturity to the earlier of March 31, 2027 or 90 days after first hydrocarbon sales and increasing the interest rate to 15% per annum, compounded annually." [https://www.stocktitan.net/sec-filings/SOC/8-k-sable-offshore-corp-reports-material-event-2f59cc70a6e5.html]

Source: https://www.sableoffshore.com/overview/default.aspx · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Sable Offshore is merging with Flame Acquisition Corp. (FLME) currently marked Closed (deSPAC).

Headline equity value—

How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Sable Offshore going public?

Sable Offshore has an approved merger with the SPAC Flame Acquisition Corp. (FLME). Deal status: Closed (deSPAC).

Does Sable Offshore have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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