Flame Acquisition Corp.
closedU=S+W/2W=S@11.50
SOC
Capital Structure & Economics
Trust Size$62,200,000
Unit Price$10.00
Warrant Coverage1/2
Sponsor Promote20%
Implied Equity Architecture
Capital Allocation Baseline
Trust (100.0%)
Implied Dilution Drag
50% Warrant Inclusion| Public Trust Allocation | $62,200,000 |
| Sponsor At-Risk Capital | N/A |
| Total Underwriting Discount | N/A |
| Trust Per Unit (Implied) | $10.00 |
| Sponsor Promote Allocation | 20% |
Deal Lifecycle
IPO PricedFeb 5, 2021
Target AnnouncedNov 2, 2022
Maturation Wall
Feb 14, 2024
Announced Target / M&A
- Target CompanySable Offshore Corp.
- SectorOil and Gas
- Announcement Date2022-11-02
Board & Officers
- CEO
- FL Co-Investment LLCOfficer
- Intrepid Financial Partners, L.L.C.(2)Officer
Advanced Structuring Terms
| Target Sectors | Oil and Gas |
Syndicate & Advisors
- CowenLEAD
- LEAD
- LEAD
Interactive Deal Modeling
Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.