Every 424B that Sable Offshore Corp. (SOC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow SOC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SOC filings page.
Sable Offshore Corp. is offering $300,000,000 aggregate principal amount of 6.5% convertible senior notes due 2031, with an underwriters' option to purchase up to an additional $45,000,000 of notes to cover over‑allotments. The notes pay 6.5% interest semi‑annually and mature on July 1, 2031.
The offering is sold concurrently and cross‑conditioned with a Concurrent Common Stock Offering (32,467,533 shares, plus up to 4,870,129 option shares) and is conditioned on entry into new secured credit facilities (a Senior Revolver and a Term Loan B). Net proceeds are expected to be used, in part, to refinance the Existing Senior Secured Term Loan maturing July 24, 2026.
Sable Offshore Corp. is offering 32,467,533 shares of Common Stock in a primary offering under a prospectus supplement. The shares are being offered at $3.08 per share, for a public offering amount of $100,000,001.64, with estimated proceeds to the company, before expenses, of $95,000,001.56. The underwriters have a 30-day option to purchase up to an additional 4,870,129 shares to cover over-allotments.
The company states net proceeds will be used, together with proceeds from a concurrent $300,000,000 convertible notes offering and a proposed $675,000,000 Term Loan B, to repay the existing Exxon senior secured term loan, pay fees and transaction expenses, and for general corporate purposes. Shares outstanding were 150,321,586 as of March 31, 2026, and expected outstanding immediately after this offering are 182,789,119 (or 187,659,248 if the underwriters exercise their option in full).
Sable Offshore Corp. is offering $300,000,000 of 6.5% convertible senior notes due 2031 and 32,467,533 shares of common stock (up to 37,337,662 shares if underwriters exercise their option). The convertible notes carry a stated interest rate of 6.5%, an initial conversion price of approximately $4.00 per share (initial conversion rate of 249.7502 shares per $1,000 principal), and maturity on July 1, 2031. The common stock public offering price is $3.08 per share, with trade and settlement dates of July 1, 2026 and July 2, 2026, respectively. The offerings, a $675.0 Term Loan B, and new senior secured credit facilities are cross-conditioned; each will close only if all transactions close. Net proceeds estimates are approximately $92.8 million from the common stock offering (or $107.0 million fully exercised) and approximately $288.8 million from the notes offering (or $332.5 million fully exercised), intended to repay the Existing Senior Secured Term Loan, cover fees and expenses, and for general corporate purposes.
Sable Offshore Corp. is offering 32,467,533 shares of common stock and $300,000,000 aggregate principal of 6.5% convertible senior notes due 2031 as set forth in a pricing term sheet and preliminary prospectus supplements dated June 30, 2026. The Common Stock is priced at $3.08 per share and the Notes are being offered at 100% of principal with an initial conversion price of approximately $4.00 per share. These transactions are cross‑conditioned with entry into new senior secured credit facilities (including a $675.0M Term Loan B and a senior revolver) and a refinancing of the existing senior secured term loan; each transaction will occur only if all are completed. The pricing term sheet discloses estimated net proceeds, optional note repurchase and redemption mechanics, an increased conversion rate table tied to make‑whole fundamental changes, and multiple pending regulatory, civil and administrative matters related to pipeline restart, permitting and litigation.
Sable Offshore Corp. is offering $300,000,000 aggregate principal amount of convertible senior notes due 2031, with an underwriter option for up to an additional $45,000,000 to cover over‑allotments.
The offering is conditioned on a concurrent $100.0 million common stock offering (plus a $15.0 million option) and entry into new senior secured credit facilities including a $675.0 million Term Loan B and a $500.0 million Senior Revolver. The Term Loan B bears 15.00% interest and matures on December 15, 2028. Conversions may be settled in cash, stock or a combination, and the initial conversion rate and interest rate are stated in the prospectus supplement. Completion of the Transactions is cross‑conditioned.
Sable Offshore Corp. is offering $100,000,000 of Common Stock (NYSE: SOC) in a primary registered offering described in this preliminary prospectus supplement, subject to completion. The offering is cross‑conditioned on a Concurrent Notes Offering (up to $300,000,000 plus a $45,000,000 option) and on entry into new senior secured credit facilities, including a proposed $675,000,000 Term Loan B and a $500,000,000 senior secured revolver (initially subject to a zero borrowing base).
The company intends to use proceeds, together with proceeds of the Concurrent Notes Offering and Term Loan B borrowings, to repay its Existing Senior Secured Term Loan and fund transaction fees and general corporate purposes. Operationally, as of June 18, 2026, 52 of 77 completed wells at Platforms Harmony and Heritage were online producing approximately 43,000 gross barrels of oil per day. Completion of the financing package and closing of these interdependent transactions are conditions to this offering.
Sable Offshore Corp. is launching an at-the-market stock program to sell up to $250 million of common shares through TD Securities and Jefferies. Sales may be made from time to time on the NYSE or via other permitted methods, with commissions of up to 3%.
The company plans to use net proceeds for general corporate purposes, working capital, capital expenditures and potential investments, including its offshore storage and treating vessel strategy. As of December 31, 2025, Sable held $97.7 million of unrestricted cash, faces estimated monthly liquidity needs of $25–30 million, and expects about $475 million of additional capital spending to execute the offshore vessel plan if regulatory clearances are obtained.
Sable Offshore Corp. is registering 45,454,546 shares of Common Stock for resale by existing PIPE investors. These shares were issued in a committed “Third PIPE Investment” at an equity consideration value of $5.50 per share and may be sold from time to time by the selling securityholders, who will receive all sale proceeds. Sable will not receive any cash from these resales but will cover registration and related listing and professional fees.
The resale shares equal approximately 31.4% of Sable’s issued and outstanding Common Stock and about 41.3% of shares held by non‑affiliates, creating a sizable potential overhang that the company warns could lead to a significant decline in the trading price if fully sold or if investors expect such sales. Sable operates offshore California oil and gas assets acquired from Exxon affiliates and is pursuing an offshore storage and treating vessel strategy, targeting OS&T vessel acquisition in Q1 2026 and initial sales from all platforms in Q4 2026 with expected comprehensive oil production rates of over 50,000 barrels per day, subject to regulatory clearances.