UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): July 1, 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 |
| 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.
On July 1, 2021, Sachem Capital Corp. (the “Company”) issued a press release announcing that the underwriters of its previously disclosed public offering of 1,700,000 shares of its 7.75% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”), exercised their option to purchase an additional 203,000 shares of Series A Preferred Stock (the “Overallotment Shares”) at a price of $25.00 per share to cover overallotments. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
On July 2, 2021, the Company consummated the sale of the Overallotment Shares. Gross proceeds to the Company from the sale totaled $5,075,000 and net proceeds, after payment of underwriting discounts and commissions, totaled $4,872,000.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
* * * * *
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 2, 2021 | By: | /s/John L. Villano |
| | | John L. Villano, CPA |
| | | Chief Executive Officer and |
| | | Chief Financial Officer |
Exhibit Index
Exhibit No. | Description |
| 99.1 | Press Release, dated July 1, 2021, announcing the partial exercise of the over-allotment option. |
* * * * *
