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

TL;DR

Sachem Capital Corp. dropped an 8-K detailing its debt maturities and preferred stock. Check the rates!

AI Summary

Sachem Capital Corp. filed an 8-K on August 15, 2024, reporting on its financial condition and results of operations. The filing includes information regarding various debt instruments, including notes with due dates in 2024, 2025, 2026, and 2027, with interest rates ranging from 6.00% to 8.00%. It also mentions 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 with different maturity dates and interest rates, which can impact the company's financial leverage and interest expense.

Key Numbers

• 2024 — Debt Maturity Year (Indicates upcoming debt obligations for Sachem Capital Corp.)
• 2025 — Debt Maturity Year (Indicates upcoming debt obligations for Sachem Capital Corp.)
• 2026 — Debt Maturity Year (Indicates upcoming debt obligations for Sachem Capital Corp.)
• 2027 — Debt Maturity Year (Indicates upcoming debt obligations for Sachem Capital Corp.)
• 8.00% — Highest Interest Rate (Represents the highest stated interest rate on a debt instrument mentioned in the filing.)

Key Players & Entities

• Sachem Capital Corp. (company) — Filer of the 8-K
• 2024-08-15 (date) — Filing date of the 8-K
• 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

FAQ

Key Financial Figures

• $25.00 — Preferred Stock, Liquidation Preference $25.00 per share SACHPRA NYSE American LLC

Filing Documents

• tm2421742d1_8k.htm (8-K) — 48KB
• tm2421742d1_ex99-1.htm (EX-99.1) — 119KB
• tm2421742d1_ex99-2.htm (EX-99.2) — 78KB
• image_002.jpg (GRAPHIC) — 3KB
• image_001.gif (GRAPHIC) — 3KB
• image_002.gif (GRAPHIC) — 0KB
• image_003.gif (GRAPHIC) — 71KB
• image_004.gif (GRAPHIC) — 0KB
• image_005.gif (GRAPHIC) — 1KB
• 0001104659-24-089921.txt ( ) — 640KB
• sach-20240814.xsd (EX-101.SCH) — 5KB
• sach-20240814_def.xml (EX-101.DEF) — 29KB
• sach-20240814_lab.xml (EX-101.LAB) — 42KB
• sach-20240814_pre.xml (EX-101.PRE) — 27KB
• tm2421742d1_8k_htm.xml (XML) — 11KB

02

Item 2.02. Results of Operations and Financial Condition. On August 14, 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 three and six month periods ended June 30, 2024.

01

Item 7.01. Regulation FD Disclosure. On August 14, 2024, the Company hosted a conference call for investors to discuss its financial condition and operating results for the three and six month periods ended June 30, 2024. A transcript of the call is attached hereto as Exhibit 99.2. 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.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated August 14, 2024, announcing financial results for the three and six month periods ended June 30, 2024. 99.2 Transcript of investor conference call held on August 14, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). 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: August 15, 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 August 14, 2024, announcing financial results for the three and six month periods ended June 30, 2024. 99.2 Transcript of investor conference call held on August 14, 2024.

View Full Filing

View this 8-K filing on SEC EDGAR