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.
Recommended Reading
Energy Sector Sees Dramatic Increase in Private Equity Funding
2024-11-21 - In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought?
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
Cibolo Energy Closes Fund Aimed at Upstream, Midstream Growth
2024-09-10 - Cibolo Energy Management LLC closed its second fund, Cibolo Energy Partners II LP, meant to boost middle market upstream and midstream companies’ growth with development capital.
EnCap Closes $6.4B for E&P Fund, Including Co-investments
2024-10-21 - EnCap’s Fund XII raised $5.25 billion for work in U.S. oil and gas basins. Coupled with its energy transition and midstream funds, the private equity firm has collectively raised $9 billion this year.
Optimizing Direct Air Capture Similar to Recovering Spilled Wine
2024-09-20 - Direct air capture technologies are technically and financially challenging, but efforts are underway to change that.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.