---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-297702"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:26:14.030658+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Flame Acquisition Corp. announces $180.45M additional PIPE for Sable Offshore merger

## Summary
- Holdco entered subscription agreements to sell 18,045,000 Class B shares at $10.00 each, raising ~$180.45M.
- Total PIPE commitments now ~$254.95M (initial $74.5M + additional $180.45M).
- Cap on total PIPE commitments set at $525M; further subscriptions may follow.
- Metamorphic Pecan, LLC gets board designation right if it owns ≥10% of Flame Class A shares post-merger.

## SEC filing metadata
- accession: 0001193125-23-297702
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000119312523297702/0001193125-23-297702-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000119312523297702/d784517d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-297702
- JSON: https://secwatch.observer/filing/0001193125-23-297702.json
- Plain text: https://secwatch.observer/filing/0001193125-23-297702.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000119312523297702/0001193125-23-297702-index.htm

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