Sable Offshore Corp. (SOC) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
SOC currently has 144M outstanding shares. with significant dilution risk as 77.5M authorized shares could dilute existing holders by 53.9%. The company has significantly diluted shareholders by 116.87% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 06, 2026 |
10-Q filing | 143.7M shares outstanding |
140M | 77M |
| Dec 03, 2025 |
S-3 filing: This is an S-3 filing for the resale of common stock by selling holders. |
140M | 77M |
| Nov 13, 2025 |
10-Q filing | 145.0M shares outstanding |
140M | 32M |
| May 23, 2025 |
8-K filing: Sable Offshore Corp. completed an underwritten offering of 10,000,000 shares of common stock at an unstated price, generating approximately $283.2 million in net proceeds. ($283.2M proceeds) |
84M | 32M |
| May 09, 2025 |
10-Q filing | 84.4M shares outstanding |
84M | 32M |
| Apr 22, 2025 |
S-3 filing: This is an S-3 filing registering an indeterminate amount of common stock, preferred stock, debt securities, warrants and units using a universal shelf registration. The total proposed amount for calculating the registration fee is $1,500,000,000. |
89M | 32M |
| Apr 17, 2025 |
POS AM filing: This prospectus relates to the offer and sale from time to time by the selling securityholders named in this prospectus of up to 53,920,671 shares of our Common Stock and also relates to the issuance by us of up to 8,987,062 shares of Common Stock upon the exercise of the Private Placement Warrants. |
89M | 32M |
| Apr 17, 2025 |
POS AM filing: The filing registers the offer and sale of up to 1,841,402 shares of common stock by selling holders. |
89M | 32M |
| Mar 17, 2025 |
10-K filing | 89.4M shares outstanding |
89M | 140M |
| Nov 14, 2024 |
10-Q filing | 89.1M shares outstanding |
89M | 140M |
| Oct 11, 2024 |
S-1 filing: This S-1 filing relates to the offer and sale of up to 7,500,000 shares of common stock by selling securityholders. |
82M | 140M |
| Aug 13, 2024 |
10-Q filing | 60.2M shares outstanding |
60M | 140M |
| May 15, 2024 |
10-Q filing | 60.2M shares outstanding |
60M | 140M |
| Apr 30, 2024 |
S-1/A filing: This S-1/A filing registers up to 25,431,370 shares of common stock issuable upon exercise of warrants, 67,188,680 shares of common stock offered by selling securityholders, 11,056,370 private placement warrants, and 1,024,900 public warrants. |
65M | 140M |
| Apr 12, 2024 |
S-1/A filing: This S-1/A filing registers the offer and sale from time to time by selling securityholders of up to 67,188,680 shares of common stock, up to 25,431,370 shares of common stock issuable upon exercise of warrants, 11,056,370 private placement warrants, and 1,024,900 public warrants. |
60M | 140M |
| Mar 28, 2024 |
10-K filing | 60.2M shares outstanding |
60M | 130M |
| Feb 14, 2024 |
S-1 filing: This filing relates to the offer and sale from time to time by the selling securityholders of shares of common stock and warrants, as well as the issuance of shares of common stock upon exercise of warrants. |
60M | 130M |
| Nov 14, 2023 |
10-Q filing | 13.3M shares outstanding |
13M | 32M |
| Aug 14, 2023 |
10-Q filing | 8.4M shares outstanding |
8.4M | 32M |
| May 15, 2023 |
10-Q filing | 8.4M shares outstanding |
8.4M | 32M |
| Mar 31, 2023 |
10-K filing | 8.4M shares outstanding |
8.4M | 32M |
| Nov 14, 2022 |
10-Q filing | 28.8M shares outstanding |
29M | 32M |
| Aug 15, 2022 |
10-Q filing | 28.8M shares outstanding |
29M | 32M |
| May 16, 2022 |
10-Q filing | 28.8M shares outstanding |
29M | 32M |
| Apr 04, 2022 |
10-K filing | 28.8M shares outstanding |
29M | 32M |
| Nov 22, 2021 |
10-Q filing | 28.8M shares outstanding |
29M | 32M |
| Aug 16, 2021 |
10-Q filing | 28.8M shares outstanding |
29M | 32M |
| May 28, 2021 |
10-Q filing | 2.2M shares outstanding |
2.2M | 32M |
| Mar 08, 2021 |
8-K filing: The company consummated its IPO of 28,750,000 units at a price of $10.00 per unit, generating gross proceeds of $287,500,000 and completed a private placement of 7,750,000 warrants at $1.00 per warrant for gross proceeds of $7,750,000. ($295.25M proceeds) |
7.2M | 32M |
| Mar 02, 2021 |
8-K filing: Flame Acquisition Corp. consummated its initial public offering of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000, and completed the private sale of 7,750,000 warrants at $1.00 per warrant, generating gross proceeds of $7,750,000. ($295.25M proceeds) |
7.2M | 32M |
| Feb 22, 2021 |
S-1/A filing: Initial public offering of units, each consisting of one share of Class A common stock and one-half of one redeemable warrant, at a price of $10.00 per unit, for a total offering of $250,000,000. |
7.2M | 32M |
| Feb 18, 2021 |
S-1/A filing: Initial public offering of 25,000,000 units at $10.00 per unit, each unit consisting of one share of Class A common stock and one-half of one redeemable warrant. |
7.2M | 32M |
| Feb 05, 2021 |
S-1 filing: This is an initial public offering of units, each consisting of one share of Class A common stock and one-half of one redeemable warrant, of Flame Acquisition Corp., a newly organized blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. |
7.2M | 39M |