Flame Acquisition extends PIPE subscriptions to March 1, 2024; adds $7.5M amended

Sable Offshore Corp.

Entered amendments with PIPE investors for $7M representing $7.5M commitment; extend deadline to March 1, 2024.
Previously $57M in PIPE commitments were already extended; total extended now $64.5M.
One remaining PIPE investor (original $71.5M aggregate) still to be amended.
Amendments keep PIPE in place as merger deadline was extended to March 1, 2024.
Form amendment replaces 'July 31, 2023' with 'March 1, 2024' in Section 6(c).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sable Offshore Corp. amended Subscription Agreement Amendment with certain Sable PIPE Investors valued at $7,500,000 (effective 2023-07-21).

Action: amendment
Agreement: equity purchase
Counterparty: certain Sable PIPE Investors
Value: $7,500,000
Effective: 2023-07-21

Exact text from the filing

Holdco entered into amendments to certain Sable PIPE Subscription Agreements (each, a “Subscription Agreement Amendment”) dated as of July 17, 2023 and July 21, 2023, with certain Sable PIPE Investors representing an aggregate commitment amount of $57,000,000

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sable Offshore Corp. amended Subscription Agreement Amendment with certain Sable PIPE Investors valued at $7,500,000 (effective 2023-07-21).

Action: amendment
Agreement: equity purchase
Counterparty: certain Sable PIPE Investors
Value: $7,500,000
Effective: 2023-07-21

Exact text from the filing

On July 21, 2023 and July 24, 2023, Holdco entered into substantially similar Subscription Agreement Amendments with certain Sable PIPE Investors, representing an aggregate commitment amount of $7,500,000

View on SEC.gov

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Sable Offshore Corp. filing history →

Source: SEC EDGAR

accession 0001193125-23-196088

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