Sachem Capital Corp. Files 8-K on Financials and Debt

TL;DR

Sachem Capital Corp. dropped an 8-K detailing its debt notes and stock – check the maturity dates and rates!

AI Summary

Sachem Capital Corp. filed an 8-K on April 2, 2024, reporting on its financial condition and other events. The filing includes information related to its various debt notes, including 7.125% notes due 2024, 6.875% notes due 2024, and 7.75% notes due 2025, among others. It also references preferred stock and common stock.

Why It Matters

This filing provides investors with an update on Sachem Capital Corp.'s financial structure, including details on its outstanding debt obligations and equity, which are crucial for assessing the company's financial health and investment risk.

Risk Assessment

Risk Level: medium — The filing details various debt instruments, which inherently carry financial risk for the company and its investors.

Key Players & Entities

• Sachem Capital Corp. (company) — Filer of the 8-K report
• 7.125% notes due 2024 (dollar_amount) — Debt instrument mentioned in the filing
• 6.875% notes due 2024 (dollar_amount) — Debt instrument mentioned in the filing
• 7.75% notes due 2025 (dollar_amount) — Debt instrument mentioned in the filing

FAQ

Key Financial Figures

• $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
• $0.11 — ed and declared a quarterly dividend of $0.11 per share to be paid on April 16, 2024

Filing Documents

• tm2410333d1_8k.htm (8-K) — 51KB
• tm2410333d1_ex99-1.htm (EX-99.1) — 110KB
• tm2410333d1_ex99-2.htm (EX-99.2) — 6KB
• tm2410333d1_ex99-3.htm (EX-99.3) — 76KB
• tm2410333d1_ex99-3img002.jpg (GRAPHIC) — 15KB
• tm2410333d1_ex99-3img003.jpg (GRAPHIC) — 20KB
• image_001.gif (GRAPHIC) — 0KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.gif (GRAPHIC) — 0KB
• image_003.gif (GRAPHIC) — 0KB
• image_003.jpg (GRAPHIC) — 3KB
• 0001104659-24-042619.txt ( ) — 594KB
• sach-20240401.xsd (EX-101.SCH) — 5KB
• sach-20240401_def.xml (EX-101.DEF) — 29KB
• sach-20240401_lab.xml (EX-101.LAB) — 42KB
• sach-20240401_pre.xml (EX-101.PRE) — 28KB
• tm2410333d1_8k_htm.xml (XML) — 12KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On April 1, 2024, Sachem Capital Corp. (the "Company") issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, announcing its financial results for the year ended December 31, 2023.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On April 1, 2024, the Company hosted a conference call for investors to discuss its financial condition and operating results for the year ended December 31, 2023 and its outlook for 2024. A transcript of the call is attached hereto as Exhibit 99.3. The information furnished pursuant to this Item 7.01 shall not be deemed to constitute an admission that such information is required to be furnished pursuant to Regulation FD or that such information or exhibits contain material information that is not otherwise publicly available. In addition, the Company does not assume any obligation to update such information in the future.

01

Item 8.01. Other Events. On April 1, 2024, the Company issued a press release, a copy of which is attached hereto as Exhibit 99.2, announcing that its board of directors authorized and declared a quarterly dividend of $0.11 per share to be paid on April 16, 2024 to shareholders of record as of April 9, 2024.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated April 1, 2024, announcing financial results for the year ended December 31, 2023. 99.2 Press release, dated April 1, 2024, announcing the quarterly dividend. 99.3 Transcript of investor conference call held on April 1, 2024. In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K, furnished pursuant to Items 2.02 and 7.01, including Exhibits 99.1 and 99.3, respectively, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. * * * * *

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Sachem Capital Corp. Dated: April 2, 2024 By: /s/ John L. Villano John L. Villano, CPA President and Chief Executive Officer Exhibit Index Exhibit No. Description 99.1 Press release, dated April 1, 2024, announcing financial results for the year ended December 31, 2023. 99.2 Press release, dated April 1, 2024, announcing the quarterly dividend. 99.3 Transcript of investor conference call held on April 1, 2024.

View Full Filing

View this 8-K filing on SEC EDGAR