---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-226354"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:25:59.441127+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Flame Acquisition Corp. issues $1.13M in promissory notes to sponsor for working capital

## Summary
- Two notes: $635,000 (Flame Expenses) and $495,000 (Sable Expenses) to Flame Acquisition Sponsor LLC.
- Notes are non-interest bearing, repayable upon completion of business combination; forgiven if no deal.
- $635,000 note convertible into working capital warrants at $1.00 per warrant, identical to IPO private placement warrants.
- $495,000 note for Sable Offshore Corp./Holdings out-of-pocket expenses; no conversion option.

## SEC filing metadata
- accession: 0001193125-23-226354
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000119312523226354/0001193125-23-226354-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000119312523226354/d501199d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-226354
- JSON: https://secwatch.observer/filing/0001193125-23-226354.json
- Plain text: https://secwatch.observer/filing/0001193125-23-226354.txt

## Key facts
- Debt Financings
  Sable Offshore Corp. incurred loan of $635,000 with Flame Acquisition Sponsor LLC at do not bear interest maturing upon consummation of the Company’s initial business combination.
  - Instrument: loan
  - Principal: $635,000
  - Counterparty: Flame Acquisition Sponsor LLC
  - Rate: do not bear interest
  - Maturity: upon consummation of the Company’s initial business combination
  - Event: incurrence
  source text: On August 30, 2023, Flame Acquisition Corp. (the “Company”) issued two unsecured promissory notes: (i) a promissory note (the “Flame Expenses Note”) in the principal amount of $635,000 to Flame Acquisition Sponsor LLC (the “Sponsor”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000119312523226354/0001193125-23-226354-index.htm
- Debt Financings
  Sable Offshore Corp. incurred loan of $495,000 with Flame Acquisition Sponsor LLC at do not bear interest maturing upon consummation of the Company’s initial business combination.
  - Instrument: loan
  - Principal: $495,000
  - Counterparty: Flame Acquisition Sponsor LLC
  - Rate: do not bear interest
  - Maturity: upon consummation of the Company’s initial business combination
  - Event: incurrence
  source text: a promissory note (the “Sable Expenses Note” and, together with the Flame Expenses Note, the “Notes”) in the principal amount of $495,000 to the Sponsor
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000119312523226354/0001193125-23-226354-index.htm

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