bullish

Flame Acqn Corp - Redh (FLME) - Thursday, Jan 18, 2024

320 Views18 Apr 2024 19:57
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SUMMARY
  • Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California
  • Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital
  • Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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