The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp. (Source: Shutterstock)
Flame Acquisition Corp., Sable Offshore Corp. and Sable Offshore Holdings are combining to create Sable Offshore Corp., the companies announced in a Feb. 13 press release.
Flame’s stockholders approved the business combination among Flame, Sable Offshore Holdings and Sable Offshore Corp. on Feb. 12 following Flame’s special meeting with stockholders. The merger was approved by the requisite number of shares of Flame common stock voted at the meeting.
The merger is expected to close on Feb. 14, and the newly combined company will appear under the NYSE ticker symbol “SOC” beginning Feb. 15, the release stated.
Flame Acquisition Corp. is a blank check company incorporated as a Delaware corporation for the purpose of effecting business combination deals such as a merger, share exchange, asset acquisition, share purchase, or reorganization, according to Flame's website.
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