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Sachem Capital Corp

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

SACH$0.82+0.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

​​Page
PART I​4
Item 1.Business4
Item 1A.Risk Factors21
Item 1B.Unresolved Staff Comments44
Item 1C.Cybersecurity44
Item 2.Properties45
Item 3.Legal Proceedings45
Item 4.Mine Safety Disclosures45
PART II​45
Item 5.Market for Common Equity, Related Shareholder Matters and Small Business Issuer Purchases of Equity Securities45
Item 6.[Reserved]48
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations48
Item 7A.Quantitative and Qualitative Disclosures about Market Risk59
Item 8.Consolidated Financial Statements and Supplementary Data59
Item 9.Change in and Disagreements with Accountants on Accounting and Financial Disclosure60
Item 9A.Controls and Procedures60
Item 9B.Other Information61
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections61
PART III​62
Item 10.Directors, Executive Officers and Corporate Governance62
Item 11.Executive Compensation65
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters68
Item 13.Certain Relationships and Related Transactions and Director Independence70
Item 14.Principal Accounting Fees and Services71
PART IV​72
Item 15.Exhibits and Financial Statement Schedules72
SIGNATURES75

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This annual report on Form 10-K (this “Report”) includes forward-looking statements. All statements other than statements of historical facts contained in this Report, including statements regarding our future results of operations and financial condition, strategy and plans, and our expectations for future operations, are forward-looking statements. The words “anticipate,” “estimate,” “expect,” “project,” “plan,” “seek,” “intend,” “believe,” “may,” “might,” “will,” “should,” “could,” “likely,” “continue,” “design,” and the negative of such terms and other words and terms of similar expressions are intended to identify forward-looking statements.

We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, strategy, short-term and long-term business operations and objectives and financial needs. These forward- looking statements are subject to several risks, uncertainties and assumptions, including those described in “Risk Factors.” Given these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed in this Report may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements.

You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. In addition, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. We disclaim any duty to update any of these forward-looking statements after the date of this Report to confirm these statements in relationship to actual results or revised expectations.

All forward-looking statements attributable to us are expressly qualified in their entirety by these cautionary statements as well as others made in this Report. You should evaluate all forward-looking statements made by us in the context of these risks and uncertainties.

Unless the context otherwise requires, all references in this Report to “Sachem Capital,” “we,” “us” and “our” refer to Sachem Capital Corp., a New York corporation.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.