IPO - Sable Offshore Corp.

Form Type: 8-K

Filing Date: 2025-05-23

Corporate Action: Ipo

Type: New

Accession Number: 000183148125000039

Filing Summary: On May 21, 2025, Sable Offshore Corp. entered into an Underwriting Agreement with J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Jefferies LLC for an underwritten offering of 8,695,654 shares of common stock, par value $0.0001, granting the Underwriters a 30-day option to purchase up to 1,304,346 additional shares. This option was exercised in full on May 22, 2025. The Offering, conducted under a shelf registration statement that became effective on May 1, 2025, closed on May 23, 2025. The net proceeds approximately amounting to $283.2 million are intended for capital expenditures, working capital, and general corporate purposes. Legal opinions and press releases concerning the Offering have been filed as exhibits with this report.