---
schema_version: "secwatch.filing_event.v1"
accession: "0001401521-23-000133"
form_type: "8-K"
ticker: "ACIC"
cik: "0001401521"
company_name: "AMERICAN COASTAL INSURANCE Corp"
filed_at: "2023-09-27T23:59:59+00:00"
generated_at: "2026-06-10T08:06:37.297698+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# American Coastal Insurance enters ATM equity distribution agreement for up to 8 million shares

## Summary
- Up to 8,000,000 shares of common stock may be sold at market prices through Raymond James & Associates.
- Raymond James receives 3.0% commission on gross proceeds; sales commence immediately.
- Separate trading arrangement allows Raymond James sole discretion to sell up to 4,000,000 shares before Nov 13, 2023.
- Net proceeds planned for general corporate purposes, including specialty underwriting expansion and capital adequacy.
- Shares sold under existing effective shelf registration statement (Form S-3).

## SEC filing metadata
- accession: 0001401521-23-000133
- form_type: 8-K
- ticker: ACIC
- cik: 0001401521
- company_name: AMERICAN COASTAL INSURANCE Corp
- filed_at: 2023-09-27T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000133/0001401521-23-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000133/uihc-20230927.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401521-23-000133
- JSON: https://secwatch.observer/filing/0001401521-23-000133.json
- Plain text: https://secwatch.observer/filing/0001401521-23-000133.txt

## Key facts
- Material Agreements
  AMERICAN COASTAL INSURANCE Corp entered into equity distribution agreement with Raymond James & Associates, Inc. (effective 2023-09-27).
  - Action: entry
  - Agreement: atm program
  - Counterparty: Raymond James & Associates, Inc.
  - Effective: 2023-09-27
  source text: On September 27, 2023, American Coastal Insurance Corporation (“ACIC” or the “Company”) entered into an equity distribution agreement (the “Agreement”) with Raymond James & Associates, Inc., as agent (the “Agent”), relating to the issuance and sale from time to time by the Company (the “ATM Program”), through the Agent, of up to 8,000,000 shares of the Company’s common stock
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401521/000140152123000133/0001401521-23-000133-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.