{"schema_version":"secwatch.filing_event.v1","accession":"0001682220-26-000024","form_type":"8-K","ticker":"SACH","cik":"0001682220","company_name":"Sachem Capital Corp.","filed_at":"2026-05-18T10:30:35+00:00","discovered_at":"2026-05-18T10:35:00.298019+00:00","generated_at":"2026-05-18T10:36:33.382724+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Sachem Capital to acquire IRG Global portfolio (~$2.9B); IRG gets 94% OP units and 51% voting power","bullets":["IRG Global contributes 100% of IRG Master Holdings (industrial real estate) for OP Units and Class B shares; gross assets ~$2.9B, net ~$1.5B after ~$1.4B debt.","IRG to hold ~94.1% of OP Units; Class B shares grant 51% voting control. Board expands to 7, Stuart Lichter as Chairman.","Pre-closing steps include redomestication to Delaware, 20:1 reverse stock split, name change to IRG Realty Trust, Inc.","Closing expected by end of 2026, subject to shareholder approval; termination fee of $4M payable by Sachem in certain scenarios."],"urls":{"canonical":"https://secwatch.observer/filing/0001682220-26-000024","json":"https://secwatch.observer/filing/0001682220-26-000024.json","markdown":"https://secwatch.observer/filing/0001682220-26-000024.md","text":"https://secwatch.observer/filing/0001682220-26-000024.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000024/0001682220-26-000024-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000024/sach-20260517.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T10:36:33.382724+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"645eeb0a0ee2f3c822998744c3b77301977ce6a5","claim":"Sachem Capital Corp. entered into Contribution Agreement with Industrial Realty Group Global, LLC valued at an assumed implied gross asset value of the IRG Global portfolio to be contributed of approximately (effective 2026-05-17).","evidence_excerpt":"On May 17, 2026, Sachem Capital Corp., a New York corporation (“Sachem” or “Transferee Parent”), entered into a Contribution Agreement (the “Contribution Agreement”) with Industrial Realty Group Global, LLC, a Delaware limited liability company (“IRG Global”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682220/000168222026000024/0001682220-26-000024-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Industrial Realty Group Global, LLC"},{"label":"Value","value":"an assumed implied gross asset value of the IRG Global portfolio to be contributed of approximately"},{"label":"Effective","value":"2026-05-17"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}