Free Writing Prospectus - Filing Under Securities Act Rules 163/433 (fwp)
17 Agosto 2022 - 11:17PM
Edgar (US Regulatory)
Issuer Free Writing Prospectus
Filed Pursuant to Rule 433
Registration File No. 333-262859
Relating to Preliminary Prospectus Supplement
Dated August 17, 2022 to Prospectus Dated February
25, 2022
Sachem Capital Corp.
8.00% Notes Due 2027
Final Pricing Term Sheet
August 17, 2022
Issuer: |
Sachem Capital Corp.
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Title of the Securities: |
8.00% Notes due 2027 (the “Notes”)
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Private Rating: |
Egan-Jones Ratings Company:
BBB+ |
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Initial Aggregate Principal
Amount Being Offered: |
$35,000,000 |
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Option to Purchase Additional Notes:
Initial Public Offering Price: |
Up to an additional $5,250,000 aggregate principal amount of Notes
within 30 days
100% of aggregate principal amount; gross proceeds of $35,000,000
(assuming the over-allotment option is not exercised) |
Underwriting Discount: |
$0.78125 per Note; $1,093,750 in the aggregate (assuming the
over-allotment option is not exercised)
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Net Proceeds to the Issuer,
before Expenses: |
$24.21875 per Note; $33,906,250 in the aggregate (assuming the over-allotment
option is not exercised)
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Denominations: |
The Notes will be issued in denominations of $25.00 and integral
multiples of $25.00 in excess thereof
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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
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Type of Note: |
Fixed rate note
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Coupon Rate: |
8.00% per annum
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Day Count: |
30/360
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Original Issue Date: |
August 23, 2022
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Stated Maturity Date: |
September 30, 2027
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Date Interest Starts Accruing:
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August 23, 2022 |
Interest Payment Dates: |
Every March 30, June 30, September 30 and December 30, commencing
December 30, 2022. If an interest payment date falls on a non-business day, the applicable interest payment will be made on the next
business day and no additional interest will accrue as a result of such delayed payment.
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Interest Periods: |
The initial interest period will be the period from and including
August 23, 2022 through December 29, 2022, and the subsequent interest periods will be the periods from and including an interest
payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be.
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Regular Record Dates for Interest:
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March 15, June 15, September
15 and December 15, commencing December 15, 2022 |
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Optional Redemption: |
The Notes may be redeemed in whole or in part at any time or from
time to time at Issuer’s option on or after August 23, 2024 upon not less than 30 days nor more than 60 days written notice
by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the
Notes to be redeemed plus accrued and unpaid interest payments otherwise payable thereon for the then-current quarterly interest
period accrued to the date fixed for redemption.
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Repayment at Option of Holders:
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Holders will not have the option
to have the Notes repaid prior to the stated maturity date. |
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Listing: |
The Notes will be listed on the NYSE American under the trading
symbol “SCCG.” Trading in the Notes will commence within 30 days of the Original Issue Date
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CUSIP / ISIN: |
78590A 877/78590A8779
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Joint Book-Running Managers:
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Ladenburg Thalmann & Co. Inc.
Janney Montgomery Scott LLC
InspereX LLC
William Blair & Company, LLC
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* 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. |
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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. |
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Investors
are advised to carefully consider the investment objective, risks and charges and expenses of the Company before investing. The preliminary
prospectus supplement, dated August 17, 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. |
Grafico Azioni Sachem Capital (AMEX:SACH-A)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Sachem Capital (AMEX:SACH-A)
Storico
Da Gen 2024 a Gen 2025