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.
See the whole filing, with its images and exhibitsContents
Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Operating costs | $4,918,801 | $6,150,199 |
| Loss from operations | (4,918,801) | (6,150,199) |
| Other income (expense): | ||
| Interest income from Trust Account | 4,415,456 | 3,989,061 |
| Change in fair value of convertible promissory notes – related parties | (3,698,394) | (170,741) |
| Change in fair value of warrant liabilities | (27,064,500) | 498,000 |
| Total other (expense) income, net | (26,347,438) | 4,316,320 |
| Loss before income taxes | (31,266,239) | (1,833,879) |
| Income tax expense | (914,318) | (757,069) |
| Net loss | $(32,180,557) | $(2,590,948) |
| Weighted average, redeemable Class A common stock outstanding | 10,870,337 | 28,750,000 |
| Basic and diluted net loss per redeemable Class A common share | $(1.78) | $(0.07) |
| Weighted average non-redeemable Class A and Class B common stock outstanding | 7,187,500 | 7,187,500 |
| Basic and diluted net loss per non-redeemable Class A and Class B common share | $(1.78) | $(0.07) |
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