secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2024-02-12T23:59:59+00:00
Accession:  0001193125-24-032310
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 8.01, 5.07, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Flame stockholders approve Sable Offshore merger; $125M PIPE investor unable to fund
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- All proposals approved for business combination with Sable Offshore Corp. at Feb 12 special meeting.
- A PIPE investor committed $125M cannot fund due to foreign capital call issues; $53M replaced via additional PIPE, including $25M from CEO James C. Flores.
- Trust account holds ~$62.2M after redemptions of 150,823 public shares.
- Closing expected on or about Feb 14, 2024; combined company to trade as SOC on NYSE starting Feb 15.
- Company still expects to meet $150M minimum cash threshold and close the deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000119312524032310/0001193125-24-032310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000119312524032310/d778604d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-032310

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