secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001401521-24-000045
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACIC agrees to sell subsidiary Interboro Insurance to Forza at equity value; subject to NYDFS approval
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- ACIC to sell 100% of Interboro Insurance Company to Forza Insurance Holdings.
- Purchase price equals IIC's GAAP shareholders' equity at closing; no fixed dollar amount given.
- Closing conditions include NYDFS approval of Forza's acquisition of control and new rate/form filing.
- Concurrent service agreements with SageSure for policy administration and claims services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/0001401521-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152124000045/uihc-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001401521-24-000045

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