Sable Offshore Corp
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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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.
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Statements of Changes in Stockholders’ Deficit
FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| Common Stock · AccumulatedDeficit · TotalStockholders’Deficit | ||||||
|---|---|---|---|---|---|---|
| Class A · Class B | ||||||
| Shares · Amount · Shares · Amount | ||||||
| Balance as of December 31, 2021 | — | $— | 7,187,500 | $719 | $(12,940,155) | $(12,939,436) |
| Initial fair value adjustment of promissory note | — | — | — | — | 52,126 | 52,126 |
| Remeasurement of Class A common stock subject to possible redemption | — | — | — | — | (2,847,008) | (2,847,008) |
| Net loss | — | — | — | — | (2,590,948) | (2,590,948) |
| Balance as of December 31, 2022 | — | $— | 7,187,500 | $719 | $(18,325,985) | $(18,325,266) |
| Initial fair value adjustment of convertible promissory notes – related parties | — | — | — | — | 533,200 | 533,200 |
| Remeasurement of Class A common stock subject to possible redemption | — | — | — | — | (3,301,702) | (3,301,702) |
| Conversion of Class B common stock to Class A common stock | 7,187,500 | 719 | (7,187,500) | (719) | — | — |
| Excise tax on Class A common stock redemptions | — | — | — | — | (2,308,378) | (2,308,378) |
| Net loss | — | — | — | — | (32,180,557) | (32,180,557) |
| Balance as of December 31, 2023 | 7,187,500 | $719 | — | $— | $(55,583,422) | $(55,582,703) |
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