Sable Offshore Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 28, 2024
SOC$0.88-54.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash | $267,816 | $100,256 |
| Prepaid expenses | 96,601 | 88,212 |
| Total current assets | 364,417 | 188,468 |
| Investments held in Trust Account | 63,558,404 | 290,718,297 |
| Total assets | $63,922,821 | $290,906,765 |
| Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | ||
| Accounts payable and accrued expenses | $6,953,918 | $4,625,892 |
| Excise tax payable | 2,308,378 | — |
| Income taxes payable | — | 330,151 |
| Promissory notes to related parties | 1,128,630 | 370,000 |
| Convertible promissory notes – related parties, at fair value | 6,381,294 | 1,409,730 |
| Total current liabilities | 16,772,220 | 6,735,773 |
| Warrant liabilities | 39,213,750 | 12,149,250 |
| Total liabilities | 55,985,970 | 18,885,023 |
| Commitments and Contingencies | ||
| Class A common stock subject to possible redemption; 6,104,682 and 28,750,000 shares at redemption value at December 31, 2023 and 2022, respectively ($10.41 and $10.10 at December 31, 2023 and 2022, respectively) | 63,519,554 | 290,347,008 |
| Stockholders’ Deficit: | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 200,000,000 shares authorized; 7,187,500 and no shares issued and outstanding, at December 31, 2023 and 2022, respectively, excluding 6,104,682 and 28,750,000 shares subject to possible redemption at December 31, 2023 and 2022, respectively | 719 | — |
| Class B common stock, $0.0001 par value; 20,000,000 shares authorized; no shares and 7,187,500 shares issued and outstanding at December 31, 2023 and 2022, respectively | — | 719 |
| Accumulated deficit | (55,583,422) | (18,325,985) |
| Total Stockholders’ Deficit | (55,582,703) | (18,325,266) |
| Total Liabilities, Common Stock Subject to Possible Redemption and Stockholders’ Deficit | $63,922,821 | $290,906,765 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.