Sachem Capital Corp. — Capital/Financing Update 2021

Dec 30, 2021

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington , D.C. 20549

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FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): December 29, 2021

SACHEM CAPITAL CORP.

(Exact name of Registrant as specified in its charter)

| New
York | 001-37997 | 81-3467779 |
| --- | --- | --- |
| (State
or other jurisdiction of incorporation) | (Commission File Number) | (IRS
Employer Identification No.) |

| 698
Main Street , Branford , Connecticut | 06405 |
| --- | --- |
| (Address
of Principal Executive Office) | (Zip
Code) |

Registrant's telephone number, including area code ( 203 ) 433-4736

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

| Title
of each class | Ticker
symbol(s) | Name
of each exchange on which registered |
| --- | --- | --- |
| Common
Shares, par value $.001 per share | SACH | NYSE
American LLC |
| 7.125%
Notes due 2024 | SCCB | NYSE
American LLC |
| 6.875%
Notes due 2024 | SACC | NYSE
American LLC |
| 7.75%
Notes due 2025 | SCCC | NYSE
American LLC |
| 6.00%
Notes due 2026 | SCCD | NYSE
American LLC |
| 7.75%
Series A Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per share | SACHPRA | NYSE
American LLC |

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)

Emerging growth company x

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

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Item 8.01. Other Events.

On December 29, 2021, Sachem Capital Corp. issued a press release announcing the issuance and sale of an additional $6,750,000 original principal amount of its 6.00% unsecured unsubordinated notes due December 30, 2026 (“Notes”) pursuant to the exercise of the underwriters’ over-allotment option on December 27, 2021. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release, dated December 29, 2021 announcing the exercise of the overallotment option and the closing on an additional $6.75 million of Notes.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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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.

/s/ John L. Villano
John L. Villano, CPA
Chief Executive Officer and
Chief Financial Officer

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Exhibit Index

Exhibit No.	Description
99.1	Press Release, dated December 29, 2021 announcing the exercise of the overallotment option and the closing on an additional $6.75 million of Notes.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

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