secwatch.observer — SEC 8-K summary
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Issuer:     Sachem Capital Corp. (SACH)
CIK:        0001682220
Form:       8-K
Filed at:   2026-05-18T10:30:35+00:00
Accession:  0001682220-26-000024
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sachem Capital to acquire IRG Global portfolio (~$2.9B); IRG gets 94% OP units and 51% voting power
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000024/0001682220-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682220/000168222026000024/sach-20260517.htm
  HTML page:      https://secwatch.observer/filing/0001682220-26-000024

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