SABLE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Sable Offshore Corporation and Encourages Investors to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against Sable Offshore Corporation (NYSE:SOC) for allegedly misleading investors regarding the company's oil production status during a specific period in 2025 [2][4]. Group 1: Lawsuit Details - The class action lawsuit is on behalf of all individuals and entities who purchased Sable securities between May 19, 2025, and June 3, 2025 [2]. - Investors have until September 26, 2025, to apply to be appointed as lead plaintiff in the lawsuit [2]. - The lawsuit claims that Sable Offshore misrepresented its oil production status during its secondary public offering (SPO) on May 21, 2025, where it issued 10 million shares at $29.50 per share, raising $295 million [4]. Group 2: Allegations and Impact - Allegations include that Sable Offshore falsely claimed to have restarted oil production off the coast of California when it had not [4]. - A letter from California's Lieutenant Governor on May 23, 2025, indicated that Sable's press release mischaracterized its activities, leading to a significant drop in stock price of over 15% [5]. - Further legal issues arose when a judge granted temporary restraining orders against Sable on June 3, 2025, prohibiting the company from restarting oil transportation, which led to additional declines in stock price [5].