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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sachem Capital Corporation | AMEX:SACH | AMEX | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.01 | -0.32% | 3.16 | 3.22 | 3.16 | 3.20 | 337,619 | 21:22:31 |
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration File No. 333-262859
Relating to Preliminary Prospectus Supplement
Dated March 3, 2022 to Prospectus Dated February 25, 2022
Sachem Capital Corp.
6.00% Notes Due 2027
Final Pricing Term Sheet
March 3, 2022
Issuer: |
Sachem Capital Corp.
|
Title of the Securities: |
6.00% Notes due 2027 (the “Notes”)
|
Private Rating: | Egan-Jones Ratings Company: BBB+ |
Initial Aggregate Principal Amount Being Offered: |
$50,000,000 |
Option to Purchase Additional
Initial Public Offering Price:
|
Up to an additional $7,500,000 aggregate principal amount of Notes within 30 days
100% of aggregate principal amount; gross proceeds of $50,000,000
|
Underwriting Discount: |
$0.8125 per Note; $1,625,000 (assuming the over-allotment option is not exercised)
|
Net Proceeds to the Issuer, before Expenses: |
$24.1875 per Note; $48,375,000 total (assuming the over-allotment option is not exercised)
|
Denominations: |
Issue the Notes in denominations of $25.00 and integral multiples of $25.00 in excess thereof
|
Principal at Time of Payment: |
100% of the aggregate principal amount; the principal amount of each Note will be payable on its stated maturity date.
|
Type of Note: |
Fixed rate note
|
Coupon Rate: |
6.00% per annum
|
Day Count: |
30/360
|
Original Issue Date: |
March 9, 2022
|
Stated Maturity Date: |
March 30, 2027 |
* | A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time. |
** | Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in two business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes on the date of pricing or the next two succeeding business days will be required, by virtue of the fact that the Notes initially will settle T+3, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes on the date of pricing or the next two succeeding business days should consult their own advisor. |
This pricing term sheet, the Preliminary Prospectus and the pricing press release are not offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this press release, in any jurisdiction where such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction. | ||||
A shelf registration statement relating to these securities is on file with and has been declared effective by the U.S. Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related preliminary prospectus supplement, copies of which may be obtained from Ladenburg Thalmann & Co. Inc., 640 Fifth Avenue, 4th Floor, New York, New York 10172, or: 1-800-573-2541, or: prospectus@ladenburg.com. | ||||
Investors are advised to carefully consider the investment objective, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement, dated March 3, 2022, and accompanying prospectus, dated February 25, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. |
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