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Sable Offshore Corp. ("Sable" or the "Company") (NYSE:SOC) today announced the commencement of an underwritten public offering of $200,000,000 of shares of its common stock, $0.0001 par value ("common stock"), by the Company. The Company also expects to grant the underwriters a 30-day option to purchase up to an additional $30,000,000 of shares of common stock from the Company.
The Company intends to use net proceeds of the offering for capital expenditures, working capital purposes and general corporate purposes.
The offering is subject to general market conditions, and there can be no assurances as to whether or when the offering may be completed, or as to the size or terms of the offering.
J.P. Morgan, Jefferies and TD Cowen are acting as joint book-running managers and representatives of the underwriters of the proposed offering.
Posted In: SOC
