Sachem Capital Corp. 7.125% Notes due 2024 (A:SCCB)
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Company News
Jul 02, 2019 15:13 ET
Sachem Capital Corp. Announces Additional $663,000 Gross Proceeds From Exercise of Over-Allotment Option in Connection With Public Offering of 7.125% Notes
Sachem Capital Corp. (NYSE American:SACH) today announced that it sold an additional $663,000 original principal amount of its 7.125% unsecured unsubordinated notes due June 30, 2024 (NYSE American:SCCB), pursuant to the exercise of the underwriters’ over-allotment option, resulting in additional net proceeds to the company of approximately $630,000. Overall, Sachem sold 946,520 notes for aggregate gross proceeds of $23,663,000 and net proceeds, after paying underwriting discounts and commissions and before paying other deal related expenses, of approximately $22,700,000. Ladenburg Thalmann &
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