Sable Offshore raises $250M in private placement of 45.5M shares at $5.50/share

Sable Offshore Corp.

Issued 45,454,546 common shares at $5.50 each for ~$250M gross proceeds.
Placement expected to close November 12, 2025, subject to customary conditions.
Proceeds to be used for general corporate purposes and to satisfy equity contribution condition of Senior Secured Term Loan amendment announced Nov 3.
Jefferies and TD Cowen acting as joint placement agents; shares unregistered but resale registration to be filed.
The placement is priced at a discount to the last closing price; stock traded at open?

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