Latham & Watkins Advises Sable Offshore Corp. in US$107 Million Common Equity Offering

Sable Offshore Corp. (NYSE: SOC) announced the closing of its public offering of 32,467,533 shares of common stock at a public offering price of US$3.08 per share. Sable also granted the underwriters of the common stock offering a 30-day option to purchase up to an additional 4,870,129 shares of common stock solely to cover over-allotments, which the underwriters exercised in full on July 1, 2026.

Latham & Watkins LLP represented Sable Offshore Corp. in the financing with a corporate team led by Houston partner Ryan Maierson, with associates Shawn Quinn, Ryan Hudson, Chelsea Carlson, and Regan Barney. Advice was also provided on tax matters by New York partners Elena Romanova and Aaron Bernstein, with associate Jack Santoro.