other material
confidence high
sentiment neutral
materiality 0.60
Sachem Capital files to sell up to $18.45M of Series A Preferred Stock via ATM
Sachem Capital Corp.
- Entered ATM Sales Agreement with Ladenburg Thalmann and Lucid Capital Markets to sell up to $18.45M of 7.75% Series A Cumulative Redeemable Preferred Stock.
- Agents receive up to 2.5% commission; company has no obligation to sell any shares.
- Charter amendment increased authorized preferred shares from 2,903,000 to 3,332,000 and set common conversion reserve at 83,300,000.
- Offering under existing S-3 registration; prospectus supplement dated November 14, 2025.