secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001193125-24-224916
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sable Offshore raises $150M via PIPE offering of 7.5M shares at $20/share
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- Subscription agreements signed Sep 19, 2024; closing on Sep 23, 2024.
- Issued 7.5M common shares at $20 each for aggregate proceeds of approximately $150M.
- Shares issued in private placement exempt from registration under Section 4(a)(2) of Securities Act.
- Prior to PIPE, Sable had 65,090,441 shares outstanding as of Sep 19, 2024.
- New shares represent material dilution to existing stockholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000119312524224916/0001193125-24-224916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000119312524224916/d889240d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-224916

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