SOC INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. Continues Investigation on Behalf of Sable Offshore Corp. Investors

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Sable Offshore Corp. for possible violations of federal securities laws and unlawful business practices [2] Group 1: Company Operations - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipeline as of May 15, 2025 [3] - On May 21, 2025, Sable priced its public offering of 8,695,654 shares at $29.50 per share, resulting in gross proceeds of approximately $295 million [4] Group 2: Regulatory Issues - The California State Land Commission warned Sable on May 23, 2025, that its press release mischaracterized recent activities, causing public confusion and raising questions about the company's intentions [5] - On May 28, 2025, a preliminary injunction was approved by the Santa Barbara County Superior Court regarding Sable's maintenance and repair work in the coastal zone, leading to a decline in Sable's stock price by $5.04 per share, or approximately 15%, from $32.93 to $27.89 [6]