---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-191404"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2023-07-21T23:59:59+00:00"
generated_at: "2026-06-13T05:05:13.669196+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Flame Acquisition extends PIPE subscription deadline to March 1, 2024 for $57M of commitments

## Summary
- PIPE investors representing $57M of $71.5M total PIPE agreed to extend subscription deadline from July 31, 2023 to March 1, 2024.
- Extension aligns with Merger Agreement termination date, which was previously extended to March 1, 2024.
- Holdco plans to seek similar amendments from remaining PIPE investors (approx. $14.5M).
- Amendment replaces 'July 31, 2023' with 'March 1, 2024' in original subscription agreements.

## SEC filing metadata
- accession: 0001193125-23-191404
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2023-07-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000119312523191404/0001193125-23-191404-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000119312523191404/d523105d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-191404
- JSON: https://secwatch.observer/filing/0001193125-23-191404.json
- Plain text: https://secwatch.observer/filing/0001193125-23-191404.txt

## Key facts
- Material Agreements
  Sable Offshore Corp. amended Subscription Agreement Amendment with certain Sable PIPE Investors valued at $57,000,000 (effective 2023-07-17).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: certain Sable PIPE Investors
  - Value: $57,000,000
  - Effective: 2023-07-17
  source text: on July 17, 2023 and July 21, 2023, Holdco entered into amendments to certain Sable PIPE Subscription Agreements (each, a "Subscription Agreement Amendment") with certain Sable PIPE Investors representing an aggregate commitment amount of $57,000,000, pursuant to which Holdco and such Sable PIPE Investors agreed to extend the date by which the parties must consummate the subscription contemplated by such Sable PIPE Subscription Agreements, or terminate such Sable PIPE Subscription Agreements, from July 31, 2023 to March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000119312523191404/0001193125-23-191404-index.htm
- Material Agreements
  Sable Offshore Corp. amended Merger Agreement with Flame Acquisition Corp., Sable Offshore Holdings LLC, and Sable Offshore Corp. (effective 2023-06-30).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Flame Acquisition Corp., Sable Offshore Holdings LLC, and Sable Offshore Corp.
  - Effective: 2023-06-30
  source text: on June 30, 2023, the parties to the Merger Agreement amended the Merger Agreement to extend the date by which the parties must consummate the transactions contemplated by the Merger Agreement, or either Flame or Sable may terminate the Merger Agreement, from June 30, 2023 to March 1, 2024 (the "Termination Date").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000119312523191404/0001193125-23-191404-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.