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. entered into Additional Sable PIPE Subscription Agreements with certain investors (the Additional Sable PIPE Investors) valued at approximately $180,450,000 (effective 2023-12-12).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain investors (the Additional Sable PIPE Investors)
- Value
- approximately $180,450,000
- Effective
- 2023-12-12
Exact text from the filing
On December 12, 2023, Holdco entered into subscription agreements (the “Additional Sable PIPE Subscription Agreements” and, together with the Initial Sable PIPE Subscription Agreements, the “Sable PIPE Subscription Agreements”) with certain investors (such investors, the “Additional Sable PIPE Investors” and, together with the Initial Sable PIPE Investors, the “Sable PIPE Investors”), pursuant to which the Additional Sable PIPE Investors agreed to purchase, in the aggregate, 18,045,000 Holdco Class B shares at a price of $10.00 per share, for an aggregate commitment amount of approximately $180,450,000 (the “Additional Sable PIPE Investment” and, together with the Initial Sable PIPE Investment, the “Sable PIPE Investment”).
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