Shareholders of Flame Acquisition vote in favor of merging with Sable Offshore

Sable Offshore Corp. Acquires Offshore California Assets from ExxonMobil in Business Combination with Flame

Sable Offshore Corp. has received approval from its shareholders to complete a business combination with Flame, Sable Offshore Holdings, LLC and ExxonMobil. The deal, which was entered into in November 2022, is set to close on or around February 14th. Shares of the combined company will trade on the New York Stock Exchange starting on February 15th.

Under the terms of the agreement and plan of merger, Sable Offshore Corp. will be acquiring offshore California assets from ExxonMobil. Flame will have approximately $62.2 million in its trust account before the business combination is finalized.

For more information about this exciting development, contact Stephen Nakrosis at stephen.nakrosis@wsj.com.

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