Sable Offshore Corp

SOC

Sable Offshore Corp

@CAT
1 year ago

Sable SPAC

Was just looking at the chart and found it interesting that Sable went through a SPAC (thus the ~$10 price at the start) to go public merging with Flame Acquisition Corp. A bit trivial but I am curious as to the reasoning over an IPO?

https://www.sableoffshore.com/news/news-details/2024/Flame-Acquisition-Corp.-Announces-Stockholder-Approval-of-Business-Combination-With-Sable-Offshore-Corp/default.aspx