Sable Offshore Corp. (NYSE: SOC) has successfully closed its upsized public offering of 10,000,000 shares of common stock at a price of $29.50 per share. This includes 1,304,346 shares from the full exercise of the underwriters' option to purchase additional shares. The offering generated gross proceeds of approximately $295.0 million, prior to deductions. The company plans to allocate the net proceeds towards capital expenditures, working capital, and general corporate purposes. J.P. Morgan, Jefferies, and TD Cowen served as joint book-running managers, with additional support from The Benchmark Company, Johnson Rice & Company, Pickering Energy Partners, Roth Capital Partners, and Tuohy Brothers as co-managers.
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