In November 2022, blank-check company Flame Acquisition and Sable Offshore Holdings, LLC, entered into a business combination agreement. Under the terms of the deal, Sable Offshore Corp. has agreed to acquire certain offshore California assets from ExxonMobil. The companies expect the deal to close on or about Feb. 14, with shares of the combined company, Sable Offshore Corp., beginning trading on the New York Stock Exchange on Feb. 15.
Flame Acquisition had about $62.2 million in its trust account prior to the business combination. The agreement and plan of merger were approved by Flame Acquisition’s shareholders earlier this month. Flame is excited to be joining forces with Sable Offshore Holdings and looks forward to continuing its mission of providing innovative solutions to the offshore industry.
As a journalist, I will keep you updated on any further developments regarding this exciting business combination between Flame Acquisition and Sable Offshore Holdings, LLC. If you have any questions or comments, please don’t hesitate to reach out to me at firstname.lastname@example.org