secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2023-09-27T23:59:59+00:00
Accession:  0001401521-23-000133
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

American Coastal Insurance enters ATM equity distribution agreement for up to 8 million shares
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000133/0001401521-23-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152123000133/uihc-20230927.htm
  HTML page:      https://secwatch.observer/filing/0001401521-23-000133

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