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SOC 424B5: Secondary offering

Filed with the SEC on · accession 0001831481-26-000080

SOC filed a 424B5 (prospectus (offering)) with the SEC on Jul 1, 2026. The final terms of an offering of shares or bonds. The stock moved +42.9% by the first close after the filing.

Summary of the filing

Sable Offshore Corp. priced a secondary offering of 32,467,533 shares of common stock at $3.08 per share and $300 million aggregate principal amount of 6.5% convertible senior notes due 2031, with combined net proceeds expected to be used to repay existing debt and for general corporate purposes.

For details, click here →How to read a 424B5 →

Key details

Common stock offering shares$32.5M
Common stock offering price per share$3
Convertible notes principal amount$300.0M
Convertible notes interest rate$7
Common stock net proceeds$92.8M
Convertible notes net proceeds$288.8M
IssuerSable Offshore Corp.
UnderwriterJ.P. Morgan Securities LLC

How SOC stock reacted

Close before

$3.08

Jun 30, 2026

First close after

+42.86%

$4.40

5 trading days

+33.77%

$4.12

Since filing

-37.34%

$1.93

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Frequently asked questions

What did SOC file with the SEC on Jul 1, 2026?

SOC filed a 424B5 (Secondary offering). Sable Offshore Corp. priced a secondary offering of 32,467,533 shares of common stock at $3.08 per share and $300 million aggregate principal amount of 6.5% convertible senior notes due 2031, with combined net proceeds expected to be used to repay existing debt and for general corporate purposes.

What does a secondary offering mean for SOC stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did SOC stock react to this filing?

SOC closed at $3.08 before the filing and $4.40 on Jul 1, 2026 (+42.86%). Five trading days later: $4.12 (+33.77%).

Other SOC SEC filings

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