American Coastal Insurance Corp, trading under the ticker FMGQ, registered its initial public offering via an S-1 filing submitted to the Securities and Exchange Commission on June 4, 2007, with accession number 0001144204-07-029937. The blank-check company was formed to pursue an acquisition in the insurance sector, with a specific focus on coastal property and casualty insurance — a segment that drew significant investor attention in the years following the 2005 hurricane season. The vehicle launched during the peak of the mid-2000s SPAC boom, a period that saw dozens of sector-focused acquisition companies seek public capital. The FMGQ ticker designation reflects its current OTC status. For full filing history, deal terms, and sponsor details on American Coastal Insurance Corp, sign up for complete data access at SpacDesk.