Sable Offshore Corp. 8-K

What Happened Sable Offshore Corp. filed an 8‑K on Feb. 2, 2026 announcing a Sales Agreement with TD Securities (USA) LLC and Jefferies LLC under which Sable may, at its option, sell up to $250,000,000 aggregate gross proceeds of its common stock through an at‑the‑market (ATM) offering. The offering is being made under an effective Form S‑3 registration statement (Reg. No. 333‑286675, declared effective May 1, 2025); a prospectus supplement was filed Feb. 2, 2026. Sable also attached operational and strategic updates (Exhibit 99.1) and filed a legal opinion from Latham & Watkins LLP (Exhibit 5.1) to be incorporated by reference.

Key Details

• Offering size: up to $250,000,000 of common stock available for sale through the agents.
• Agents and fees: TD Securities (USA) LLC and Jefferies LLC acting as agents; commission up to 3.0% of gross sales.
• Mechanics and terms: securities may be sold “at the market” under Rule 415; Sable has no obligation to sell and can suspend or terminate the offering; either party may terminate on 10 days’ notice.
• Filings: prospectus supplement filed Feb. 2, 2026; registration statement effective May 1, 2025; operational/strategic updates included as Exhibit 99.1.

Why It Matters This ATM facility gives Sable a flexible tool to raise equity capital opportunistically without a firm committed underwriting. For investors, that means potential dilution if and when the company sells shares, and issuance costs (commissions) will reduce net proceeds. The included operational and strategic updates and the law firm opinion are part of the disclosure package tied to the offering; investors should review the prospectus supplement and Sable’s SEC filings for details on timing, intended uses of proceeds, and any updates about restarting production or other strategic plans.