Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend]
12 Novembre 2024 - 8:50PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE
13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
Sable
Offshore Corp **
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
33850F108
(CUSIP Number)
September 30, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
* |
The remainder of this cover page shall be filled out for a reporting persons initial filing on this form
with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
** |
Formerly known as Flame Acquisition Corp. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Continued on following pages
Page
1 of 11 Pages
Exhibit Index: 10 Page
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CUSIP No. 33850F108 |
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Page
2
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Harraden Circle Investments, LLC |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
395,555 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
395,555 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
395,555 |
10 |
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CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.61% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) OO, HC, IA |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
3
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Harraden Circle Investors GP, LP |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
262,222 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
262,222 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
262,222 |
10 |
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CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.40% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) PN, HC |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
4
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Harraden Circle Investors GP, LLC |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
262,222 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
262,222 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
262,222 |
10 |
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CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.40% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) OO, HC |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
5
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Harraden Circle Investors, LP |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
111,111 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
111,111 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
111,111 |
10 |
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CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.17% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) PN |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
6
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Harraden Circle Special Opportunities, LP |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION
Delaware |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
151,111 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
151,111 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
151,111 |
10 |
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CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
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PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.23% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) PN |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
7
of 11 Pages |
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1 |
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NAMES OF REPORTING PERSONS
Frederick V. Fortmiller, Jr. |
2 |
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CHECK THE APPROPRIATE BOX IF A
MEMBER OF A GROUP (a) ☐ (b) ☐
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3 |
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SEC USE ONLY
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4 |
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CITIZENSHIP OR PLACE OF
ORGANIZATION United States of
America |
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NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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5 |
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SOLE VOTING POWER
0 |
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6 |
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SHARED VOTING POWER
395,555 |
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7 |
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SOLE DISPOSITIVE POWER
0 |
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8 |
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SHARED DISPOSITIVE POWER
395,555 |
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9 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
395,555 |
10 |
|
CHECK IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ |
11 |
|
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW (9) 0.61% |
12 |
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TYPE OF REPORTING PERSON (SEE
INSTRUCTIONS) IN, HC |
(1) |
See Item 4 below. This constitutes an exit filing for the Reporting Person. |
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CUSIP No. 33850F108 |
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Page
8
of 11 Pages |
Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be
the beneficial owner of more than five percent of the outstanding shares of Class A common stock of the Issuer. This Amendment constitutes an exit filing for the Reporting Persons.
Item 1(a). |
Name of Issuer |
Sable Offshore Corp (the issuer)
Item 1(b). |
Address of Issuers Principal Executive Offices |
845 Texas Avenue, Suite 2920, Houston, TX 77002
Item 2(a). |
Names of Persons Filing |
This Statement is filed on behalf of the following persons (collectively, the Reporting Persons):
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i) |
Harraden Circle Investors, LP (Harraden Fund), |
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ii) |
Harraden Circle Special Opportunities, LP (Harraden Special Op Fund) |
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iii) |
Harraden Circle Investors GP, LP (Harraden GP); |
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iv) |
Harraden Circle Investors GP, LLC (Harraden LLC); |
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v) |
Harraden Circle Investments, LLC (Harraden Adviser); and |
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vi) |
Frederick V. Fortmiller, Jr. (Mr. Fortmiller); |
This Statement relates to Shares (as defined herein) directly beneficially owned by Harraden Fund and Harraden Special Op Fund. Harraden GP is the general
partner to Harraden Fund and Harraden Special Op Fund, and Harraden LLC is the general partner of Harraden GP. Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund and other high net worth individuals.
Mr. Fortmiller is the managing member of each of Harraden LLC and Harraden Adviser. In such capacities, each of Harraden GP, Harraden LLC, Harraden Adviser and Mr. Fortmiller may be deemed to indirectly beneficially own the Shares reported
herein directly beneficially owned by Harraden Fund and Harraden Special Op Fund.
Item 2(b). |
Address of Principal Business Office or, if None, Residence |
The address of the principal business office of each Reporting Person is 299 Park Avenue, 21st Floor, New York, NY 10171.
Each of Harraden Fund, Harraden Special Op Fund and Harraden GP is a Delaware limited partnership. Each of Harraden LLC and Harraden Adviser is a Delaware
limited liability company. Mr. Fortmiller is a citizen of the United States of America.
Item 2(d). |
Title of Class of Securities |
Class A Common Stock, par value $0.0001 per share (Shares)
Item 2(e). |
CUSIP No. 33850F108 |
Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: This Item 3 is not applicable. |
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CUSIP No. 33850F108 |
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Page
9
of 11 Pages |
Item 4(a) |
Amount Beneficially Owned |
As of September 30, 2024, the Reporting Persons did not beneficially own more than five percent of the Issuers Class A Common Stock.
Accordingly, this Schedule 13G/A constitutes an exit filing for the Reporting Persons.
As of September 30, 2024, each of the Reporting Persons may be
deemed the beneficial owner of 395,555 Shares underlying Units held directly by Harraden Fund, Harraden Special Op Fund and Harraden Adviser.
Item 4(b) |
Percent of Class Fund and Harraden Adviser. |
As of September 30, 2024, each of the Reporting Persons may be deemed the beneficial owner of approximately 9.99% of Shares outstanding. This percentage
is based on a total of 64,845,436 Shares outstanding, based on information in the Form 10-Q filed by the Company on August 13, 2024.
Item 4(c) |
Number of shares as to which such person has: |
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(i) Sole power to vote or direct the vote: |
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0 |
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(ii) Shared power to vote or direct the vote: |
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395,555 |
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(iii) Sole power to dispose or direct the disposition of: |
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0 |
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(iv) Shared power to dispose or direct the disposition of: |
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395,555 |
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Item 5. |
Ownership of Five Percent or Less of a Class |
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following [ x ].
Item 6. |
Ownership of More than Five Percent on Behalf of Another Person |
This Item 6 is not applicable.
Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent
Holding Company or Control Person |
See disclosure in Item 2 hereof.
Item 8. |
Identification and Classification of Members of the Group |
This Item 8 is not applicable.
Item 9. |
Notice of Dissolution of Group |
This Item 9 is not applicable.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of
or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in
connection with a nomination under § 240.14a-11.
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CUSIP No. 33850F108 |
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Page
10
of 11 Pages |
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: November 12, 2024
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HARRADEN CIRCLE INVESTORS, LP |
HARRADEN CIRCLE SPECIAL OPPORTUNITIES, LP |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LP, its general partner |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LLC, its general partner |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
Title: |
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Managing Member |
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HARRADEN CIRCLE INVESTORS GP, LP |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LLC, its general partner |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
Title: |
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Managing Member |
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HARRADEN CIRCLE INVESTORS GP, LLC |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
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Managing Member |
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HARRADEN CIRCLE INVESTMENTS, LLC |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
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Managing Member |
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FREDERICK V. FORTMILLER, JR. |
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/s/ Frederick V. Fortmiller, Jr. |
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CUSIP No. 33850F108 |
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Page
11
of 11 Pages |
Exhibit INDEX
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Joint Filing Agreement |
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11 |
Exhibit 99.1
JOINT FILING AGREEMENT
The undersigned hereby
agree that the statement on Schedule 13G with respect to the Units of Sable Offshore Corp dated as of September 30, 2024, is, and any amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on
behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Date: November 12, 2024
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HARRADEN CIRCLE INVESTORS, LP |
HARRADEN CIRCLE SPECIAL OPPORTUNITIES, LP |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LP, its general partner |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LLC, its general partner |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
Title: |
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Managing Member |
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HARRADEN CIRCLE INVESTORS GP, LP |
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By: |
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HARRADEN CIRCLE INVESTORS GP, LLC, its general partner |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
Title: |
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Managing Member |
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HARRADEN CIRCLE INVESTORS GP, LLC |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
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Managing Member |
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HARRADEN CIRCLE INVESTMENTS, LLC |
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By: |
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/s/ Frederick V. Fortmiller, Jr. |
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Managing Member |
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FREDERICK V. FORTMILLER, JR. |
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/s/ Frederick V. Fortmiller, Jr. |
1
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