By Stephen Nakrosis
Blank-check company Flame Acquisition said its shareholders have approved the company’s previously announced business combination among Flame, Sable Offshore Holdings, LLC and Sable Offshore Corp.
The deal is expected to close on or about Feb. 14, and shares of the combined company, Sable Offshore Corp., are expected to begin trading on the New York Stock Exchange on Feb. 15, Flame Acquisition said Monday.
The companies entered into their agreement and plan of merger in November 2022.
Sable Offshore Corp. has agreed to acquire certain offshore California assets from ExxonMobil, Flame Acquisition said.
Flame will have about $62.2 million in its trust account prior to the business combination.
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