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Flame Acquisition Corp. (FLME) is a publicly traded special purpose acquisition company (SPAC) that seeks to merge with and acquire promising businesses in the energy sector. Specializing in the exploration, production, and distribution of energy resources, Flame Acquisition Corp. leverages its experienced management team to identify and partner with companies that show strong growth potential and innovative capabilities.
Founded with the mission to enhance shareholder value, Flame Acquisition Corp. is actively engaged in evaluating various investment opportunities. Its strategic approach focuses on identifying targets that not only fit within their investment criteria but also contribute positively to the energy ecosystem. The company provides capital, strategic guidance, and operational expertise to nurture these businesses post-acquisition, ensuring they reach their full potential.
Recent achievements include successful fundraising rounds, partnerships with key industry players, and progress in negotiations with potential acquisition targets. Flame Acquisition Corp. remains financially robust, with a substantial cash reserve intended for strategic acquisitions and investments.
Key projects currently in the pipeline include potential mergers with innovative energy technology firms and investments in renewable energy initiatives. With a commitment to sustainability and operational excellence, Flame Acquisition Corp. aims to drive growth in both traditional and renewable energy sectors.
For investors and stakeholders, Flame Acquisition Corp. represents a unique opportunity to participate in the dynamic and evolving energy market. The company’s transparent operations, strategic vision, and robust financial health make it a notable player in the industry.
Flame Acquisition Corp. reported that stockholders approved a proposal to extend the deadline for completing a business combination during a special meeting on February 27, 2023. The necessary number of shares voted in favor of the amendment to the amended and restated certificate of incorporation. A detailed report of the voting results will be filed with the SEC on March 1, 2023. Flame, a blank check company, aims to merge with one or multiple businesses in North America. The proposed merger involves Sable Offshore Holdings LLC, with further information available in the filed proxy statements.
Flame Acquisition Corp. (NYSE: FLME) has announced a business combination with Sable Offshore Corp., which includes the acquisition of oil and gas assets. Upon completion, the combined entity will operate under the Sable Offshore Corp. name. In preparation for this merger, Flame will file a Proxy Statement with the SEC, containing essential details for stockholders regarding the transaction. Investors are encouraged to review this document once available to understand the implications of the merger on their investments.
Flame Acquisition Corp. announced compliance with NYSE regulations on May 28, 2021, after filing its Quarterly Report on Form 10-Q for Q1 2021 with the SEC. The compliance followed an earlier notice from the NYSE on May 25, 2021, due to a delayed filing linked to accounting considerations for warrants by SPACs. The NYSE confirmed the regained compliance, which had no immediate impact on the company's stock listing. Flame Acquisition Corp. aims for business combinations in the North American energy industry.
Flame Acquisition Corp. has announced that starting April 19, 2021, holders of Units from its initial public offering can trade Class A common stock and warrants separately. These will trade on the NYSE under the symbols FLME and FLME.WS, while non-separated Units will trade as FLME.U. The offering was initially underwritten with Cowen and Intrepid Partners as joint book-running managers. A registration statement was effective on February 24, 2021.
Flame Acquisition Corp. successfully closed its initial public offering (IPO) of 28,750,000 units at $10.00 per unit, raising gross proceeds of $287.5 million. The units, comprising one share of Class A common stock and one-half of a redeemable warrant, began trading on the NYSE under ticker symbol FLME.U on February 25, 2021. Full units were offered after the underwriters exercised their over-allotment options. The shares and warrants are expected to trade separately as FLME and FLME.WS, respectively. The registration statement for this offering became effective on February 24, 2021.
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