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Stock impact report

Sachem Capital Corp. Announces Full Repayment and Delisting of Maturing Unsecured Unsubordinated Notes from NYSE

Sachem Capital Corp. Common Shares (SACH) 
NASDAQ:AMEX Investor Relations: sachemcapitalcorp.com
Company Research Source: GlobeNewswire
BRANFORD, Conn., June 24, 2024 (GLOBE NEWSWIRE) -- Sachem Capital Corp. (NYSE American: SACH) announced today that the company intends to delist its 7.125% unsecured, unsubordinated Notes due June 30, 2024 (“Notes”), ticker symbol “SCCB”, from the NYSE American and to deregister the Notes under the Exchange Act of 1934, as amended. The company will redeem the Notes at par value plus accrued and unpaid interest up to, but not including, the maturity date. Sachem expects the last trading day for the Notes will be June 28, 2024. Sachem does not intend to arrange for listing and/or registration of the Notes on another national securities exchange or for quotation on another quotation medium. TickerCUSIPMaturity DateSupplemental and Prospectus LinkSCCB78590A 2086/30/2024SEC Filing     Impact on Note Holders The final payment with respect to the Notes, including principal and accrued interest, will be made on July 1, 2024 due to a non-trading day on June 30, 2024 as described in the Show less Read more
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