Sachem Capital Corp. Files 8-K with Financials and Debt Details
Ticker: SCCG · Form: 8-K · Filed: Jul 19, 2024 · CIK: 1682220
| Field | Detail |
|---|---|
| Company | Sachem Capital Corp. (SCCG) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $25.00, $0.08 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financials, preferred-stock
TL;DR
Sachem Capital Corp. dropped an 8-K with debt maturities through 2027 and preferred stock info.
AI Summary
On July 19, 2024, Sachem Capital Corp. filed an 8-K report detailing its financial statements and exhibits. The filing includes information related to various debt instruments, including notes due in 2024, 2025, 2026, and 2027, with interest rates ranging from 6.00% to 8.00%. It also references Series A preferred 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 preferred stock, which are crucial for assessing the company's financial health and risk profile.
Risk Assessment
Risk Level: medium — The filing details various debt instruments and preferred stock, indicating a leveraged capital structure which carries inherent financial risks.
Key Numbers
- 2024 — Debt Maturity Year (Indicates an upcoming debt obligation for Sachem Capital Corp.)
- 2025 — Debt Maturity Year (Indicates a debt obligation for Sachem Capital Corp.)
- 2026 — Debt Maturity Year (Indicates a debt obligation for Sachem Capital Corp.)
- 2027 — Debt Maturity Year (Indicates multiple debt obligations for Sachem Capital Corp.)
- 8.00% — Highest Interest Rate (Represents the highest stated interest rate on a debt instrument due in 2027.)
Key Players & Entities
- Sachem Capital Corp. (company) — Filer of the 8-K report
- July 19, 2024 (date) — Date of the earliest event reported
- 6.875% Due 2024 (dollar_amount) — Maturity date and interest rate of a debt instrument
- 7.75% Due 2025 (dollar_amount) — Maturity date and interest rate of a debt instrument
- 6.00% Due 2026 (dollar_amount) — Maturity date and interest rate of a debt instrument
- 6.00% Due 2027 (dollar_amount) — Maturity date and interest rate of a debt instrument
- 7.125% Due 2027 (dollar_amount) — Maturity date and interest rate of a debt instrument
- 8.00% Due 2027 (dollar_amount) — Maturity date and interest rate of a debt instrument
- Series A Preferred Stock (company) — Type of stock mentioned in the filing
FAQ
What specific financial statements and exhibits are included in this 8-K filing?
The filing indicates that it includes 'Financial Statements and Exhibits' but does not specify the exact nature or period covered by these documents within the provided text.
What is the total principal amount of the notes due in 2024?
The provided text mentions 'sach:Notes6.875PercentDue2024Member' but does not specify the principal amount of these notes.
What is the interest rate on the Series A Preferred Stock?
The filing mentions 'us-gaap:SeriesAPreferredStockMember' but does not provide details on the dividend rate or other terms of the preferred stock.
What is the business address and phone number for Sachem Capital Corp.?
Sachem Capital Corp.'s business address is 568 East Main Street, Branford, CT 06405, and their business phone number is 2034334736.
What is the SIC code for Sachem Capital Corp.?
The Standard Industrial Classification (SIC) code for Sachem Capital Corp. is 6798, which corresponds to Real Estate Investment Trusts.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 9 · Accepted 2024-07-19 16:05:42
Key Financial Figures
- $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC
- $0.08 — ed and declared a quarterly dividend of $0.08 per share to be paid on August 6, 2024
Filing Documents
- tm2419837d1_8k.htm (8-K) — 44KB
- tm2419837d1_ex99-1.htm (EX-99.1) — 7KB
- tm2419837d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-081161.txt ( ) — 305KB
- sach-20240719.xsd (EX-101.SCH) — 4KB
- sach-20240719_def.xml (EX-101.DEF) — 29KB
- sach-20240719_lab.xml (EX-101.LAB) — 39KB
- sach-20240719_pre.xml (EX-101.PRE) — 27KB
- tm2419837d1_8k_htm.xml (XML) — 11KB
01. Other Events
Item 8.01. Other Events. On July 19, 2024, Sachem Capital Corp. issued a press release, a copy of which is attached hereto as Exhibit 99.1, announcing that its board of directors authorized and declared a quarterly dividend of $0.08 per share to be paid on August 6, 2024 to shareholders of record as of July 29, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated July 19, 2024. 104 Cover Page Interactive Data File (embedded with 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: July 19, 2024 By: /s/ John L. Villano John L. Villano, CPA Chief Executive Officer Exhibit Index Exhibit No. Description 99.1 Press Release, dated July 19, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document).