UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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| Item 8.01. | Other Events. |
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
|
Exhibit No. |
Description |
| 99.1 | Press Release, dated July 1, 2021, announcing the partial exercise of the over-allotment option. |
| 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.
| Sachem Capital Corp. | ||
| Dated: July 2, 2021 | By: | /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 July 1, 2021, announcing the partial exercise of the over-allotment option. |
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