American Coastal completes sale of Interboro Insurance to Forza for $26.4M

AMERICAN COASTAL INSURANCE Corp

Sold 100% of Interboro Insurance Company to Forza Insurance Holdings on April 1, 2025.
Received $26.4M consideration based on estimated GAAP equity at closing.
Final true-up based on finalized GAAP equity expected in ~30 days.
Stock purchase agreement was previously filed on May 14, 2024 Form 8-K.

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