Sachem Capital Corp. Files 8-K with Debt and Stock Details
Ticker: SCCG · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1682220
| Field | Detail |
|---|---|
| Company | Sachem Capital Corp. (SCCG) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $25.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-maturity, financial-statements, preferred-stock
TL;DR
Sachem Capital Corp. dropped an 8-K detailing its debt and preferred stock – check the maturity dates!
AI Summary
Sachem Capital Corp. filed an 8-K on June 28, 2024, reporting other events and financial statements. The filing details various debt instruments, including "Notes 7.125 Percent Due 2024" and "Notes 6.875 Percent Due 2024", along with preferred stock series. The company's principal executive offices are located at 568 East Main Street, Branford, CT 06405.
Why It Matters
This filing provides investors with an update on Sachem Capital Corp.'s financial structure, including details on its outstanding debt and preferred stock, which are crucial for assessing the company's financial health and risk profile.
Risk Assessment
Risk Level: medium — The filing involves financial instruments and debt, which inherently carry financial risks for investors.
Key Numbers
- 2024 — Maturity Year (Indicates upcoming debt maturities for 'Notes 7.125 Percent Due 2024' and 'Notes 6.875 Percent Due 2024'.)
- 2025 — Maturity Year (Indicates upcoming debt maturity for 'Notes 7.75percent Due 2025'.)
- 2026 — Maturity Year (Indicates upcoming debt maturity for 'Notes 6.00percent Due 2026'.)
- 2027 — Maturity Year (Indicates upcoming debt maturities for 'Notes 6.00percent Due 2027', 'Notes 7.125 Percent Due 2027', and 'Notes 8.00 percent Due 2027'.)
Key Players & Entities
- Sachem Capital Corp. (company) — Filer of the 8-K report
- 568 East Main Street, Branford, CT 06405 (location) — Principal executive offices address
- Notes 7.125 Percent Due 2024 (debt_instrument) — Specific debt mentioned in the filing
- Notes 6.875 Percent Due 2024 (debt_instrument) — Specific debt mentioned in the filing
- Series A preferred Stock (stock) — Preferred stock mentioned in the filing
FAQ
What specific events are detailed under 'Other Events' in this 8-K filing?
The filing indicates 'Other Events' and 'Financial Statements and Exhibits' as item information, but the specific details of the 'Other Events' are not provided in the excerpt.
What is the principal business address of Sachem Capital Corp.?
The principal executive offices of Sachem Capital Corp. are located at 568 East Main Street, Branford, CT 06405.
What types of financial instruments are explicitly mentioned in the filing?
The filing explicitly mentions various debt notes with different due dates and interest rates (e.g., 'Notes 7.125 Percent Due 2024', 'Notes 6.875 Percent Due 2024') and preferred stock (e.g., 'Series A preferred Stock').
When was this 8-K form filed with the SEC?
This 8-K form was filed on June 28, 2024.
What is Sachem Capital Corp.'s fiscal year end?
Sachem Capital Corp.'s fiscal year ends on December 31.
Filing Stats: 569 words · 2 min read · ~2 pages · Grade level 9.1 · Accepted 2024-06-28 16:05:37
Key Financial Figures
- $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
Filing Documents
- tm2418475d1_8k.htm (8-K) — 47KB
- tm2418475d1_ex99-1.htm (EX-99.1) — 5KB
- tm2418475d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-076268.txt ( ) — 312KB
- sach-20240627.xsd (EX-101.SCH) — 5KB
- sach-20240627_def.xml (EX-101.DEF) — 29KB
- sach-20240627_lab.xml (EX-101.LAB) — 40KB
- sach-20240627_pre.xml (EX-101.PRE) — 28KB
- tm2418475d1_8k_htm.xml (XML) — 12KB
01
Item 8.01. Other Events. On June 27, 2024, Sachem Capital Corp. (the " Company ") issued a press releases announcing that it is withdrawing its previous announced public debt offering (the " Offering "). A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1. In addition, the Company is hereby withdrawing the preliminary prospectus supplement, dated June 17, 2024, it filed on the same date with the U.S. Securities and Exchange Commission in connection with the Offering.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated June 27, 2024, announcing the Company's w ithdrawal of the Offering. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * * * * *
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: June 28, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer Exhibit Index Exhibit No. Description 99.1 Press Release, dated June 27, 2024, announcing the Company's w ithdrawal of the Offering.