Flame Acquisition (FLME) has released an update.
Flame Acquisition Corp. has successfully merged with Sable Offshore Corp., officially rebranding as Sable Offshore Corp. on February 14, 2024. Stockholders approved the business combination and related transactions during a special meeting, leading to significant corporate changes including the conversion of Holdco Class A shares to common stock and the issue of shares to PIPE investors. The newly formed entity will trade on the NYSE under the symbols “SOC” and “SOC.WS”, signaling a new chapter in its corporate evolution with a strengthened financial and operational foundation.
For further insights into FLME stock, check out TipRanks’ Stock Analysis page.
