other_material
confidence high
sentiment neutral
materiality 0.60
Sable Offshore closes upsized $295M common stock offering, underwriters exercise full option
Sable Offshore Corp.
- Offering closed with 10M shares at $29.50; gross proceeds $295M.
- Initial $200M offering upsized; underwriters' option for 1.3M shares exercised.
- Net proceeds ~$283.2M for capex, working capital, general corporate purposes.
- J.P. Morgan, Jefferies, TD Cowen acted as joint book-running managers.
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