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Latham & Watkins Advises Flame Acquisition Corp. in Its Business Combination With Sable Offshore Corp.

November 2, 2022
Firm advises the special purpose acquisition entity focused on the North American energy industry in the transaction.

Flame Acquisition Corp. (Flame) (NYSE: FLME, FLME.WS), a special purpose acquisition entity focused on the energy industry in North America, has 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.

Latham & Watkins LLP represents Flame Acquisition Corp. in the transaction with a corporate deal team led by Houston partner Ryan Maierson, with Austin associate Rachel Ratcliffe and Chicago associates Jake Wasserman, and Brian Baloun, with assistance from Houston partner Stephen Szalkowski and Houston associate Thomas Verity. Advice was also provided on capital markets matters by Chicago associate Ben Winnett, New York associate Shawn Quinn, and Chicago associate Ryan Hudson; on finance matters by Houston partner Matthew Jones, with Houston associate Chris Wood; on tax matters by Houston partners Bryant Lee and Jim Cole, with Houston associate Marianne Standley; on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Peter Todaro; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with Houston associate Dane Rebkowec; on environmental matters by Washington, D.C. partner Janice Schneider and Orange County counsel Joshua Bledsoe, with Washington, D.C. associate Nathaniel Glynn and Orange County associates Brian McCall and Kevin Homrighausen.