{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-174360","form_type":"8-K","ticker":"SOC","cik":"0001831481","company_name":"Sable Offshore Corp.","filed_at":"2023-06-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.977984+00:00","generated_at":"2026-06-13T17:14:20.431019+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Flame Acquisition issues $150K in promissory notes to sponsor for working capital","bullets":["Issued a $50,000 non-interest note (Flame Expenses Note) to sponsor for IPO and working capital costs.","Issued a $100,000 non-interest note (Sable Expenses Note) to sponsor to pay Sable Offshore Corp. expenses.","Both notes due upon business combination; forgiven without repayment if no combination.","Sponsor may convert up to $50,000 of the Flame note into warrants at $1 per warrant, capped at 3.5M warrants.","Notes are unsecured and contain standard events of default; principal repayable only from funds outside the trust account."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-174360","json":"https://secwatch.observer/filing/0001193125-23-174360.json","markdown":"https://secwatch.observer/filing/0001193125-23-174360.md","text":"https://secwatch.observer/filing/0001193125-23-174360.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523174360/0001193125-23-174360-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523174360/d454565d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T17:14:20.431019+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":"de4a42690c730df615d25c9b138204f7012a6ddd","claim":"Sable Offshore Corp. incurred loan of $50,000 with Flame Acquisition Sponsor LLC at no interest maturing upon consummation of the Company’s initial business combination.","evidence_excerpt":"On June 22, 2023, Flame Acquisition Corp. (the “Company”) issued two unsecured promissory notes: (i) a promissory note (the “Flame Expenses Note”) in the principal amount of $50,000 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 $100,000 to the Sponsor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523174360/0001193125-23-174360-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$50,000"},{"label":"Counterparty","value":"Flame Acquisition Sponsor LLC"},{"label":"Rate","value":"no interest"},{"label":"Maturity","value":"upon consummation of the Company’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ec6d5d31d4ac24b674c36413a5a657615232f346","claim":"Sable Offshore Corp. incurred loan of $100,000 with Flame Acquisition Sponsor LLC at no interest maturing upon consummation of the Company’s initial business combination.","evidence_excerpt":"On June 22, 2023, Flame Acquisition Corp. (the “Company”) issued two unsecured promissory notes: (i) a promissory note (the “Flame Expenses Note”) in the principal amount of $50,000 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 $100,000 to the Sponsor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831481/000119312523174360/0001193125-23-174360-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$100,000"},{"label":"Counterparty","value":"Flame Acquisition Sponsor LLC"},{"label":"Rate","value":"no interest"},{"label":"Maturity","value":"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"}