American Coastal Insurance Corp, trading under the ticker FMGQ, was a blank check company incorporated to pursue an acquisition in the insurance sector. The company filed an amended registration statement on Form S-1/A with the Securities and Exchange Commission on September 25, 2007, placing its initial public offering in that year. The vehicle targeted the property and casualty insurance space during a period of active SPAC formation in the mid-2000s, when sponsors across financial services sought acquisition vehicles for specialty insurance assets, particularly following heightened interest in coastal risk management. Sign up at SpacDesk for complete filing history, sponsor details, and deal-outcome data on FMGQ and the full SPAC universe.