American Coastal Insurance Corp

Atlas Crest Investment Corp. is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on August 26, 2020 and is headquartered in New York, NY. Redemption Price: 10. Warrant Coverage: 1/3.

Earnings data Q1 2024

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American Coastal Insurance Corp. engages in the residential personal and commercial property and casualty insurance business. It offers insurance relating to homeowners, landlord and seasonal, condominium, flood, renters, and commercial residential. It operates through the Personal Residential Property and Casualty Insurance Policies (Personal Lines), and Commercial Residential Property and Casualty Insurance Policies (Commercial Lines) segments. The company was founded on May 1, 2007 and is headquartered in St. Petersburg, FL.

The Special Purpose Acquisition Company (SPAC) begins trading publicly. During this phase, the SPAC looks for a target company to merge with.

SEARCHING PHASE

The SPAC announces which company it will be acquiring (and taking public).

PREVIOUS PHASE

Investors and shareholders will meet to approve the acquisition.

CURRENT PHASE

American Coastal Insurance Corporation (ACIC) Q4 2023 Earnings Call Transcript

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or "the Company"), a property and casualty insurance holding company, today reported its financial results for the fourth quarter and year ended December 31, 2023. ($ in thousands, except for per share data) Three Months Ended   Year Ended December 31,   December 31,     2023       2022     Change     2023       2022     Change Gross premiums written $ 135,163     $ 119,144     13.4 %   $ 670,04.

American Coastal Insurance Corporation Reports Financial Results for Its Fourth Quarter and Year Ended December 31, 2023

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company, announced today that it expects to release its financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, February 29, 2024, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET. The conference call will inclu.

American Coastal Insurance Corporation Schedules Fourth Quarter and Full Year 2023 Financial Results and Conference Call

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq: ACIC) (“the Company, “American Coastal”, or “ACIC”) a property and casualty insurance holding company, today announced changes to its executive leadership team. Svetlana Castle, JD, MPA, CPA Appointed as Chief Financial Officer Svetlana Castle, JD, MPA, CPA, has been appointed as the new Chief Financial Officer, effective Monday, January 22, 2024. Ms. Castle will be joining as a member of ACIC's executive tea.

American Coastal Insurance Corporation Announces Leadership Changes

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The underdogs of 2023: Small-cap stocks that made it big

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (Nasdaq: ACIC) ("ACIC" or "the Company"), a property and casualty insurance holding company, today reported its financial results for the third quarter ended September 30, 2023. ($ in thousands, except for per share data) Three Months Ended   Nine Months Ended September 30,   September 30,     2023       2022     Change     2023       2022     Change Gross premiums written $ 103,872     $ 103,153     0.7 %   $ 534,880.

American Coastal Insurance Corporation Reports Financial Results for Its Third Quarter Ended September 30, 2023

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of American Coastal Insurance Corporation ("ACI" or the "Company") (NASDAQ: ACIC). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of American Coastal Insurance Corporation - ACIC

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--American Coastal Insurance Corporation (NASDAQ: ACIC) (“the Company”, “American Coastal” or “ACIC”) the insurance holding company of American Coastal Insurance Company, announced today that it expects to release its financial results for third quarter ended September 30, 2023, on Monday, November 13, 2023, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET. The conference call will include live remarks followed by.

American Coastal Insurance Corporation Schedules Third Quarter 2023 Financial Results and Conference Call

The company is floating a new common stock issue. It will do so with an at-the-market offering of up to 8 million shares.

Why American Coastal Insurance Stock Dived by 17% Today

American Coastal Insurance stock experienced a decline after a bullish stance in March 2021. American Coastal's Q2 2023 performance showed strong top-line growth and improved underwriting in commercial lines, resulting in a net profit of $22.6 million. ACIC stock valuation has changed significantly, with a higher trailing book multiple, but the company's book value per share is expected to increase going forward.

American Coastal Insurance Stock: Recent Trends Point To Gains

NEW YORK , Sept. 21, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of American Coastal Insurance Corporation (NASDAQ: ACIC) resulting from allegations that American Coastal may have issued materially misleading business information to the investing public.

ACIC LOSS ALERT: ROSEN, A LONGSTANDING LAW FIRM, Encourages American Coastal Insurance Corporation Investors to Inquire About Securities Class Action Investigation - ACIC

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of American Coastal Insurance Corporation (NASDAQ: ACIC) resulting from allegations that American Coastal may have issued materially misleading business information to the investing public. SO WHAT: If you purchased American Coastal securities you may be entitled to compensation without payment of any out of pocket fees or co.

ROSEN, RESPECTED INVESTOR COUNSEL, Encourages American Coastal Insurance Corporation Investors to Inquire About Securities Class Action Investigation – ACIC

Archer Aviation

Archer Aviation Inc.'s stock achr is set to start trading on the NYSE on Friday, after the completion of the all-electric vertical takeoff and landing (eVTOL) aircraft maker's merger with special purpose acquisition company (SPAC) Atlas Crest Investment Corp. The merger deal was announced in early February. The ticker symbol has changed to "ACHR" from Atlas Crest's previous ticker of "ACIC.

Archer Aviation stock to begin trading on NYSE, after merger with SPAC is completed

NEW YORK--(BUSINESS WIRE)--Archer Aviation Inc. announced today that it has closed its business combination with Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company. Upon the completion of the transaction, Atlas Crest changed its name to “Archer Aviation Inc.” Archer's common stock and warrants will commence trading on the New York Stock Exchange (“NYSE”) on September 17, 2021, under the ticker symbols “ACHR” and “ACHR WS”, respectively. Brett Adcock

Archer Aviation Announces Closing of Business Combination with Atlas Crest Investment Corp. to Become A Publicly Traded Company

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, announced that its stockholders approved all proposals related to the previously announced business combination (the “Business Combination”) with Archer Aviation Inc. (“Archer”) at a special meeting of stockholders held today (the “Special Meeting”). A Current Report on Form 8-K disclosing the full voting results will be filed with the Securities and Exchange Commission.

Atlas Crest Investment Corp. Shareholders Approve Business Combination with Archer Aviation Inc.

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, today announced that Glass Lewis, a leading independent proxy advisory firm, has issued a report recommending that Atlas Crest stockholders vote in favor of the previously announced business combination (the "Business Combination Proposal") with Archer Aviation Inc. (“Archer''), a leading developer of an urban air mobility ecosystem and all-electric vertical takeoff and l

Leading Independent Proxy Advisor, Glass Lewis, Recommends Atlas Crest Stockholders Vote “FOR” Business Combination with Archer

PALO ALTO, Calif.--(BUSINESS WIRE)--California-based Archer Aviation Inc. (“Archer''), a leading developer of an Urban Air Mobility ecosystem and all-electric vertical takeoff and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, today announced that the companies will host a fireside chat with IPO Edge on Thursday, September 2 at 12:00 pm EDT, to discuss their pending business combination (the “business combination

Archer Aviation Inc. and Atlas Crest Investment Corp. to Host Fireside Chat with IPO Edge to Discuss Business Combination

NEW YORK--(BUSINESS WIRE)--Atlas Crest Investment Corp. (NYSE: ACIC) (“Atlas Crest”), a special purpose acquisition company, announced today that it has scheduled a special meeting of its stockholders (the “Special Meeting”) to approve the proposed business combination (the “business combination”) with Archer Aviation Inc. (“Archer”). Atlas Crest also announced the filing of a definitive proxy statement/prospectus for the Special Meeting with the U.S. Securities and Exchange Commission (the “SE

Atlas Crest Investment Corp. Announces Special Meeting Date to Approve Proposed Business Combination with Archer Aviation

Flying taxi developer Archer Aviation is seeking $1 billion in damages from Wisk Aero, a rival backed by Boeing and Google co-founder Larry Page's Kitty Hawk Corp, according to a court filing, raising the stakes in a heated legal dispute.

Air taxi maker Archer seeks $1 billion in damages from Boeing-backed rival

PALO ALTO, Calif., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Archer Aviation Inc. (“Archer”), a leading Urban Air Mobility company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (“Atlas Crest”) (NYSE: ACIC) today announced Deborah Diaz, Maria Pinelli, and Fred Diaz as nominees for the post-closing board of directors. These nominations will add three additional diverse and seasoned executives to the combined company's board from the aviation, automotive, technology, and finance & consulting sectors. These nominees will become directors of the combined company following the completion of the proposed business combination of Archer with Atlas Crest.

Archer Announces Experienced and Skilled Board Nominees Ahead of Merger with Atlas Crest Investment Corp.

Archer Aviation is a far better deal after the valuation was cut and the stock price has fallen 50%. The company still appears on a path to releasing an eVTOL in 2024.

Archer Aviation: Set To Take Flight After Deal Cut

Atlas Crest / Archer SPAC deal was recut last week to reduce the pro forma enterprise value from $2.7B to $1.7B, a 38% valuation cut. Also, 15% of the promote. The sponsor letter agreement was amended to drop the one-year lockup. This allows sponsors to cash-out 85% of the promote shares immediately after deal-close.

Atlas Crest / Archer SPAC Deal Reset: High Redemptions Are Still Likely

The revision supports 'a highly compelling investment thesis' for Archer, the company said about its valuation downgrade.

The SPAC taking electric-aircraft maker Archer public has slashed the valuation of the company by $1 billion

PALO ALTO, Calif.--(BUSINESS WIRE)--Archer, a leading Urban Air Mobility (“UAM”) company and developer of all-electric vertical take-off and landing (“eVTOL”) aircraft, and Atlas Crest Investment Corp. (“Atlas Crest”) (NYSE: ACIC), a special purpose acquisition company, today announced they have revised the valuation of their previously announced transaction. This strategic decision was made in recognition of Archer's commitment to driving long-term value creation for all shareholders. “We are

Archer and Atlas Crest Announce Strategic Reset of Transaction Terms to Further Align with World-Class Investors and Achieve Long-Term Partnership; Oscar Munoz, Former United Airlines Chairman and CEO, Joins the Archer Board

In the news release, Archer Wins; Defeats Wisk's Motion for Preliminary Injunction, issued 22-Jul-2021 by Archer Aviation Inc. over PR Newswire, we are advised by the company that the last sentence should read "On February 10, 2021, Archer entered into a Business Combination Agreement with Atlas Crest Investment Corp. (NYSE: ACIC) and Artemis Acquisition Sub Inc." rather than "On February 10, 2021, Archer entered into a Business Combination Agreement with Atlas Crest Investment Corp. ("Atlas") and Artemis Acquisition Sub Inc." as originally issued inadvertently. The complete, corrected release follows: Archer Wins; Defeats Wisk's Motion for Preliminary Injunction - Judge denies Wisk's motion for preliminary injunction against Archer - Judge finds Wisk's evidence too uncertain and equivocal PALO ALTO, Calif.

News for American Coastal Insurance Corp Stock (ACIC)