{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-146087","form_type":"8-K","ticker":"SOC","cik":"0001831481","company_name":"Sable Offshore Corp.","filed_at":"2023-05-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.977545+00:00","generated_at":"2026-06-15T00:01:58.824997+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Flame Acquisition Corp. issues $750K in promissory notes to sponsor for working capital","bullets":["Two unsecured promissory notes issued to Flame Acquisition Sponsor LLC: $395,000 (Flame Expenses Note) and $355,000 (Sable Expenses Note).","Notes are non-interest bearing, repayable only upon consummation of a business combination; otherwise forgiven except for funds outside trust.","Sponsor may convert up to $395,000 of the Flame Expenses Note into working capital warrants at $1.00 per warrant upon business combination.","Sable Expenses Note proceeds used for out-of-pocket expenses of Sable Offshore Corp. or Sable Offshore Holdings, LLC."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-146087","json":"https://secwatch.observer/filing/0001193125-23-146087.json","markdown":"https://secwatch.observer/filing/0001193125-23-146087.md","text":"https://secwatch.observer/filing/0001193125-23-146087.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523146087/0001193125-23-146087-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523146087/d433245d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T00:01:58.824997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3e01c4f4d7fd08ee1fa2bd71c3cfd994728182fe","claim":"Sable Offshore Corp. incurred convertible notes of $395,000 with Flame Acquisition Sponsor LLC at do not bear interest maturing repayable in full upon consummation of the Company’s initial business combination.","evidence_excerpt":"On May 12, 2023, Flame Acquisition Corp. (the “Company”) issued two unsecured promissory notes: (i) a promissory note (the “Flame Expenses Note”) in the principal amount of $395,000 to Flame Acquisition Sponsor LLC (the “Sponsor”) and (ii) a promissory note (the “Sable Expenses Note” and, together with the Flame Expenses Note, the “Notes”) in the principal amount of $355,000 to the Sponsor. The Notes do not bear interest and each of the Notes are repayable in full upon consummation of the Company’s initial business combination (a “Business Combination”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523146087/0001193125-23-146087-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$395,000"},{"label":"Counterparty","value":"Flame Acquisition Sponsor LLC"},{"label":"Rate","value":"do not bear interest"},{"label":"Maturity","value":"repayable in full upon consummation of the Company’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"5c641249d7d51a47569f3a1c312a8ef6322abc6d","claim":"Sable Offshore Corp. incurred loan of $355,000 with Flame Acquisition Sponsor LLC at do not bear interest maturing repayable in full upon consummation of the Company’s initial business combination.","evidence_excerpt":"On May 12, 2023, Flame Acquisition Corp. (the “Company”) issued two unsecured promissory notes: (i) a promissory note (the “Flame Expenses Note”) in the principal amount of $395,000 to Flame Acquisition Sponsor LLC (the “Sponsor”) and (ii) a promissory note (the “Sable Expenses Note” and, together with the Flame Expenses Note, the “Notes”) in the principal amount of $355,000 to the Sponsor. The Notes do not bear interest and each of the Notes are repayable in full upon consummation of the Company’s initial business combination (a “Business Combination”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523146087/0001193125-23-146087-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$355,000"},{"label":"Counterparty","value":"Flame Acquisition Sponsor LLC"},{"label":"Rate","value":"do not bear interest"},{"label":"Maturity","value":"repayable in full upon consummation of the Company’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}