Renaissance Capital logo

Sable Offshore (Flame Acquisition) Priced, NYSE: SOC

Blank check company led by oil and gas veterans targeting the energy sector (completed 2/14/2024).

Industry: SPAC

First Day Return: +0.5%

We are a newly incorporated blank check company. Although we may pursue our initial business combination in any business, industry or geographic location, we currently intend to focus on opportunities that capitalize on the expertise and ability of our management team, particularly our Chairman, Chief Executive Officer and President, James C. Flores, to identify, acquire and operate a business in the energy industry, primarily targeting the upstream exploration and production (E&P) sector, midstream sector and companies focused on new advancing technologies that are transformative and provide the potential for and means to achieve greater profitability in the broader energy sector. We will seek to capitalize on the significant experience and vast network of our management team, our Board and our initial stockholders to complete our initial business combination. We believe our team’s extensive background in acquiring businesses and assets across the energy value chain and creating long-term shareholder value, combined with historical low crude oil and natural gas prices and resulting lack of capital availability for energy companies and assets, will provide an opportunity to execute a potentially transformational business combination.
IPO Data
IPO Date 02/24/2021
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $250
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Houston, TX, United States
Founded 2020
Employees at IPO 2
Website www.flameacq.com

Sable Offshore (Flame Acquisition) (SOC) Performance

Created with Highcharts 10.3.2Chart context menuSOC vs. IPO Index (IPOUSA)Apr '21Jul '21Oct '21Jan '22Apr '22Jul '22Oct '22Jan '23Apr '23Jul '23Oct '23Jan '24Apr '24Jul '24Oct '24Jan '25Apr '250%-75%-50%-25%+ 25%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexOur ETF tracks the IPO Index