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10.11.25 - 14:21
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Sable Offshore Corp. Announces $250 Million Private Placement of Shares (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Sable Offshore Corp. (NYSE: SOC, “Sable”, or the “Company”) today announced it has entered into subscription agreements to issue 45,454,546 shares of its common stock in a private placement to institutional investors at a purchase price of $5.50 per share. Sable expects to receive gross proceeds of approximately $250 million, before deducting placement agent fees and other offering expenses.
The private placement is expected to close on November 12, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the proceeds from the private placement for general corporate purposes. Upon closing, this offering is expected to satisfy the common equity contribution condition of the Senior Secured Term Loan amendment announced by the Company on November 3, 2025.
Jefferies and TD Cowen are acting as joint placement agents for the private placement.
The shares of common stock being issued and sold in the private placement have not been registered ...
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17.10.25 - 00:09
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Clarification: California-Offshore Oil Fight story (AP)
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In a story published Oct. 15, 2025, The Associated Press reported the California Attorney General's Office sued Sable Offshore Corp. over allegations that the company has illegally discharged waste into......
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