In November 2022, blank-check company Flame Acquisition announced its business combination with Sable Offshore Holdings, LLC and Sable Offshore Corp. The deal is expected to close on or about February 14th. Shares of the combined company, Sable Offshore Corp., will begin trading on the New York Stock Exchange on February 15th.
Flame Acquisition’s shareholders have approved the previously announced business combination among the three companies. According to Flame Acquisition, Sable Offshore Corp. has agreed to acquire certain offshore California assets from ExxonMobil. As a result, Flame will have approximately $62.2 million in its trust account prior to the business combination.
The announcement was made Monday by Flame Acquisition, which stated that it expects the deal to close on or around February 14th and shares of the combined company will begin trading on the New York Stock Exchange on February 15th. Interested parties can write to Stephen Nakrosis at firstname.lastname@example.org for more information about this exciting development in the oil and gas industry.