Flame Acquisition Corp.
FLME
New York Stock Exchange12.10
USD
+0.10
- -
CIK
0001831481
ISIN
US33850F1084
CUSIP
33850F108
Return %
Stock
S&P500
1Y
19.21
24.99
3Y
24.74
70.19
5Y
24.74
77.45
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James C. Flores
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 700 Milam Street Houston TX United States of America 77002
- IPO Date
- Apr 19, 2021
- CIK
- 0001831481
- Website
- flameacq.com
- Similar Companies
- Business
- Flame Acquisition Corp. is a special purpose acquisition company (SPAC) focused on the energy industry, primarily targeting upstream exploration and production (E&P) and midstream sectors in North America. The company engages in identifying, acquiring, and operating businesses in the energy sector, with particular attention to oil and gas assets and advancing technologies that enhance profitability. Founded in 2020 and headquartered in Houston, Texas, Flame Acquisition Corp. completed its initial public offering in March 2021 and has since pursued strategic mergers and acquisitions to establish a foothold in the energy sector. The latest major change involves Flame Acquisition Corp.'s business combination with Sable Offshore Corp., a transaction approved by stockholders in early 2024, resulting in Flame's acquisition of Sable Offshore's oil and gas assets including the Santa Ynez Unit offshore oil field in California. Following the closing of this deal, expected in February 2024, the combined entity will operate under the name Sable Offshore Corp., with its common stock and warrants trading on the New York Stock Exchange under ticker symbols SOC and SOC.WS. The transaction included a significant PIPE financing totaling around $520 million, positioning the new entity for growth through operational control of assets, bolt-on acquisitions, and infrastructure access in the North American energy market. Flame Acquisition Corp. leverages extensive industry expertise in energy asset acquisition and management, aiming to capitalize on favorable commodity price cycles and operational synergies within the oil and gas exploration and production and midstream infrastructure sectors.
Flame Acquisition Corp. Announces Stockholder Approval of Business Combination With Sable Offshore Corp.
Flame Acquisition Corp. Announces Stockholder Approval of Extension Proposal
Flame Acquisition Corp. Announces Stockholder Approval of Extension Proposal
Flame Acquisition Corp. Announces Business Combination Transaction
Flame Acquisition Corp. Receives Expected NYSE Notice Regarding Delayed Form 10-Q Filing
Flame Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing April 19, 2021
Flame Acquisition Corp. Announces Closing of $287.5 Million Initial Public Offering