Sable Offshore Corp. Successfully Closes Upsized Public Offering, Raising $295 Million

Reuters
05-24
<a href="https://laohu8.com/S/SOC">Sable Offshore Corp.</a> Successfully Closes Upsized Public Offering, Raising $295 Million

Sable Offshore Corp. (NYSE: SOC) has successfully closed its upsized public offering of 10,000,000 shares of common stock at a price of $29.50 per share. This includes 1,304,346 shares from the full exercise of the underwriters' option to purchase additional shares. The offering generated gross proceeds of approximately $295.0 million, prior to deductions. The company plans to allocate the net proceeds towards capital expenditures, working capital, and general corporate purposes. J.P. Morgan, Jefferies, and TD Cowen served as joint book-running managers, with additional support from The Benchmark Company, Johnson Rice & Company, Pickering Energy Partners, Roth Capital Partners, and Tuohy Brothers as co-managers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sable Offshore Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250523501606) on May 23, 2025, and is solely responsible for the information contained therein.

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