secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN COASTAL INSURANCE Corp (ACIC)
CIK:        0001401521
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001401521-25-000039
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000039/0001401521-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401521/000140152125000039/acic-20250401.htm
  HTML page:      https://secwatch.observer/filing/0001401521-25-000039

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