• Sat. Mar 2nd, 2024

Flame Acquisition Approves Business Combination with Sable Offshore Holdings and Sable Offshore Corp. to Acquire Offshore Assets from ExxonMobil

ByEditor

Feb 13, 2024
Flame Acquisition Shareholders Vote in Favor of Sable Offshore Business Merger

Flame Acquisition announced that its shareholders have approved the previously announced business combination among Flame, Sable Offshore Holdings, LLC, and Sable Offshore Corp. The deal is expected to close on or about Feb. 14. Shares of the combined company, Sable Offshore Corp., are expected to begin trading on the New York Stock Exchange on Feb. 15.

The companies entered into their agreement and plan of merger in November 2022. Sable Offshore Corp. has agreed to acquire certain offshore California assets from ExxonMobil, Flame Acquisition said Monday. Flame will have about $62.2 million in its trust account prior to the business combination.

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