Sable Offshore Corp. Announces $250 Million Private Placement of Shares
Sable Offshore Corp. (SOC)
Company Research
Source: Business Wire
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 be
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SOC
News
- Sable Offshore (NYSE:SOC) had its "buy" rating reaffirmed by analysts at Roth Capital.MarketBeat
- Trump Pushes To Reopen California Coast To Offshore Drilling [zero hedge]zero hedge
- Sable Offshore (SOC) – Among the Energy Stocks that Lost This Week [Yahoo! Finance]Yahoo! Finance
- Trump administration announces plan for new oil drilling off the coasts of California and Florida [CBS News]CBS News
- Trump administration announces plan for new oil drilling off the coasts of California and Florida [BNN Bloomberg (Canada)]BNN Bloomberg
SOC
Earnings
- 11/13/25 - Miss
SOC
Sec Filings
- 12/3/25 - Form S-3
- 12/1/25 - Form 8-K
- 11/26/25 - Form 8-K
- SOC's page on the SEC website