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Sachem Capital Corp. Announces Additional $1.36 Million Gross Proceeds From Exercise of Over-Allotment Option in Connection With Public Offering of 7.75% Notes Due 2025

BRANFORD, Conn.--(BUSINESS WIRE)--Sachem Capital Corp. (NYSE American: SACH) has sold an additional $1,363,750 original principal amount of its 7.75% unsecured unsubordinated notes due September 30, 2025 (NYSE American: SCCC), pursuant to the exercise of the underwriters’ over-allotment option. Overall, in the offering Sachem sold 574,550 notes for aggregate gross proceeds of $14.36 million and net proceeds, after paying underwriting discounts and commissions and other deal related expenses, of approximately $13.62 million.