other material
confidence high
sentiment neutral
materiality 0.40
Sachem Capital authorizes up to $5.8M common stock repurchase plan
Sachem Capital Corp.
- Board adopted new repurchase plan for up to $5,802,959.45 of common shares, effective Oct 23, 2024, replacing prior plan.
- Repurchases will be made on open market under Rule 10b-18; brokers are Ladenburg Thalmann & Co. and Janney Montgomery Scott.
- Plan continues until full repurchase or termination; company cannot predict timing or if any repurchases occur.