secwatch.observer — SEC 8-K summary
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Issuer:     Sable Offshore Corp. (SOC)
CIK:        0001831481
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001831481-26-000017
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831481/000183148126000017/0001831481-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831481/000183148126000017/socc-20260202.htm
  HTML page:      https://secwatch.observer/filing/0001831481-26-000017

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