---
schema_version: "secwatch.filing_event.v1"
accession: "0001831481-26-000017"
form_type: "8-K"
ticker: "SOC"
cik: "0001831481"
company_name: "Sable Offshore Corp."
filed_at: "2026-02-03T23:59:59+00:00"
generated_at: "2026-05-16T05:23:33.633678+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sable provides operational update: OS&T $475M, PHMSA approval, $250M ATM, litigation

## Summary
- OS&T strategy: Q1'26 vessel acquisition, Q3'26 delivery, Q4'26 first oil >50,000 bbl/d; total capex ~$475M.
- Second Debt Amendment: maturity to Mar 31, 2027 or 90 days after first sales; interest rate 15% PIK; $25M liquidity.
- PHMSA approved Restart Plan, issued Emergency Special Permit; pipelines deemed interstate; state waivers litigation pending.
- Coastal Commission imposed cease & desist and $18M penalty; Sable appealed; preliminary injunction granted May 2025.
- Entered $250M ATM stock offering with TD Securities and Jefferies; commission 3.0%.

## SEC filing metadata
- accession: 0001831481-26-000017
- form_type: 8-K
- ticker: SOC
- cik: 0001831481
- company_name: Sable Offshore Corp.
- filed_at: 2026-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000017/0001831481-26-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000017/socc-20260202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831481-26-000017
- JSON: https://secwatch.observer/filing/0001831481-26-000017.json
- Plain text: https://secwatch.observer/filing/0001831481-26-000017.txt

## Key facts
- Material Agreements
  Sable Offshore Corp. entered into Sales Agreement with TD Securities (USA) LLC and Jefferies LLC valued at up to $250,000,000 (effective 2026-02-02).
  - Action: entry
  - Agreement: atm program
  - Counterparty: TD Securities (USA) LLC and Jefferies LLC
  - Value: up to $250,000,000
  - Effective: 2026-02-02
  source text: On February 2, 2026, Sable Offshore Corp. (the “Company”) entered into a Sales Agreement (the “Agreement”) with TD Securities (USA) LLC and Jefferies LLC, as agents (the “Agents”), under which the Company may offer and sell, from time to time at its sole discretion, an aggregate gross sale price of up to $250,000,000 of shares of its common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831481/000183148126000017/0001831481-26-000017-index.htm

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