M&A - AMERICAN COASTAL INSURANCE Corp

Form Type: 8-K

Filing Date: 2025-04-01

Corporate Action: Acquisition

Type: New

Accession Number: 000140152125000039

Filing Summary: On April 1, 2025, American Coastal Insurance Corporation completed the sale of 100% of the stock of its wholly owned subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC for $26.4 million. This amount is based on the estimated GAAP equity of Interboro Insurance Company as of the closing date. A true-up of the consideration is expected in about 30 days using the finalized GAAP equity of the subsidiary. The relevant stock purchase agreement was previously filed in a Form 8-K on May 14, 2024.

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