An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
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.
Positive
Strategic acquisition of oil and gas assets boosts portfolio.
Expected market expansion and revenue growth from the combined operations.
Negative
Potential integration challenges related to merging operations.
-
HOUSTON--(BUSINESS WIRE)--
Flame Acquisition Corp. (“Flame”) (NYSE: FLME, FLME.WS), a special purpose acquisition entity focused on the energy industry in North America, today announced an agreement to enter into a business combination with Sable Offshore Corp. (“Sable”). Sable has separately agreed to acquire oil and gas assets as part of the merger. After giving effect to the business combination, the company will be named Sable Offshore Corp.
Additional Information and Where to Find It
This document relates to the proposed Business Combination between Flame and Sable. In connection with the proposed Business Combination, Flame will file with the SEC a proxy statement on Schedule 14A (the “Proxy Statement”). Flame will also file other documents regarding the proposed Business Combination with the SEC. The Proxy Statement will be sent or given to the Flame stockholders and will contain important information about the Business Combination and related matters. INVESTORS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION WITH RESPECT TO THE Business Combination AND THE OTHER TRANSACTIONS CONTEMPLATED BY THE BUSINESS COMBINATION AGREEMENT. You may obtain a free copy of the Proxy Statement (if and when it becomes available) and other relevant documents filed by Flame with the SEC at the SEC’s website at www.sec.gov. You may also obtain Flame’s documents on its website at www.Flameacq.com.
Participants in Solicitation
Flame, Sable and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with certain matters related to the Business Combination and may have direct or indirect interests in the Business Combination. Information about Flame’s directors and executive officers is set forth in Flame’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on April 4, 2022, and its other documents filed with the SEC. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement and other relevant materials to be filed with the SEC regarding the proposed transaction when they become available. Investors should read the Proxy Statement carefully when it becomes available before making any voting or investment decisions. Investors may obtain free copies of these documents using the sources indicated above.
What is the date of the business combination between Flame Acquisition Corp. and Sable Offshore Corp.?
The announcement of the business combination was made recently, but a specific closing date has not been provided.
What will be the new name of Flame Acquisition Corp. after the merger?
After the merger, the company will be renamed Sable Offshore Corp.
What should investors do regarding the Proxy Statement related to the merger?
Investors are urged to read the Proxy Statement and other relevant documents once they are available to understand the details of the business combination.
How does the merger impact FLME stockholders?
The merger may affect FLME stockholders by providing them with shares in the new entity, Sable Offshore Corp., and could potentially lead to changes in stock value.
