BuybackAug 6, 2026, 04:04 PM
American Coastal Authorizes Additional $25M Stock Buyback
AI Summary
American Coastal Insurance Corporation's Board of Directors has authorized an additional $25 million for common stock repurchases. This increases the total authorization under the previously announced plan to $50 million, with $30.6 million still available as of August 6, 2026. The company plans to execute these repurchases through various methods, including open market transactions, with no set expiration date for the authorization.
Key Highlights
- Board authorized an additional $25 million for common stock repurchases.
- Total stock repurchase authorization now stands at $50 million.
- $30.6 million remains available for repurchases as of August 6, 2026.
- Repurchases may occur in the open market, privately negotiated transactions, or via Rule 10b5-1 plans.
- The authorization has no expiration date.
Price Impact
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