India, June 30 -- Shares of Sable Offshore Corp. (SOC) are tumbling around 52 percent on Tuesday morning following the company's announcement about its plan to offer $100 million of common stock and $300 million of convertible senior notes due 2031.
Shares of the company slipped 51.99 percent to $3.34 on the New York Stock Exchange, compared with the previous closing price of $6.97. The stock has traded in a 52-week range of $3.15 to $32.18.
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