Sachem Capital withdraws public debt offering due to unfavorable market conditions

Sachem Capital Corp.

Withdrew previously announced public debt offering of unsecured notes due 2029.
Reason: current market pricing deemed excessive and restrictive, not in shareholder interest.
CEO affirms ample liquidity via credit facilities and mortgage portfolio; no capital need.
Preliminary prospectus supplement dated June 17, 2024 also withdrawn.

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