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Midas Edge

Sachem Capital Corp.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

View on SEC.gov

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.

FY2024 · Filed Mar 31, 2025

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

Consolidated Statements of Changes in Shareholders’ Equity

(in thousands, except share data)

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Preferred Shares · ​ · Common Shares · ​ · Paid in · ​ · Comprehensive · ​ · Cumulative · ​ · Cumulative · ​ · ​ · ​
​ · Shares · Amount · Shares · Amount · Capital · Income (Loss) · Net Earnings · Dividends Paid · Totals
​​​​​​​​​​​​​​​​​​​​​​​​​​
Balance, January 1, 2023​1,903,000​$2​41,093,536​$41​$226,221​$(562)​$61,680​$(69,675)​$217,707
​​​​​​​​​​​​​​​​​​​​​​​​​​
Cumulative effect of adoption of new accounting principle (ASU 2016-13)​—​​—​—​​—​​—​​—​​(2,490)​​—​​(2,490)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Issuance of Series A Preferred Stock, net of expenses​126,923​​—​—​​—​​2,564​​—​​—​​—​​2,564
​​​​​​​​​​​​​​​​​​​​​​​​​​
Issuance of Common Shares, net of expenses​—​​—​5,546,891​​5​​20,445​​—​​—​​—​​20,450
​​​​​​​​​​​​​​​​​​​​​​​​​​
Stock buyback​—​​—​(71,000)​​—​​(226)​​—​​—​​—​​(226)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Stock-based compensation​—​​—​196,056​​1​​822​​—​​—​​—​​823
​​​​​​​​​​​​​​​​​​​​​​​​​​
Reclassification of losses from unrealized to provision for credit losses​—​​—​—​​—​​—​​809​​—​​—​​809
​​​​​​​​​​​​​​​​​​​​​​​​​​
Unrealized holding gains on AFS securities​—​​—​—​​—​​—​​69​​—​​—​​69
​​​​​​​​​​​​​​​​​​​​​​​​​​
Dividends paid on Series A Preferred Stock​—​​—​—​​—​​—​​—​​—​​(3,795)​​(3,795)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Dividends paid on Common Shares​—​​—​—​​—​​—​​—​​—​​(16,590)​​(16,590)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Dividends declared on Common Shares​—​​—​—​​—​​—​​—​​—​​(5,144)​​(5,144)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Net income​—​​—​—​​—​​—​​—​​15,899​​—​​15,899
Balance, December 31, 2023​2,029,923​$2​46,765,483​$47​$249,826​$316​$75,089​$(95,204)​$230,076
​​​​​​​​​​​​​​​​​​​​​​​​​​
Issuance of Series A Preferred Stock, net of expenses​276,825​​—​—​​—​​5,706​​—​​—​​—​​5,706
​​​​​​​​​​​​​​​​​​​​​​​​​​
Issuance of Common Shares, net of expenses​—​​—​568,711​​1​​2,049​​—​​—​​—​​2,050
​​​​​​​​​​​​​​​​​​​​​​​​​​
Stock buyback​—​​—​(581,745)​​(1)​​(1,488)​​—​​—​​—​​(1,489)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Stock-based compensation, less shares forfeited​—​​—​212,857​​—​​863​​—​​—​​—​​863
​​​​​​​​​​​​​​​​​​​​​​​​​​
Reclassification adjustment for gains / losses realized in net loss​—​​—​—​​—​​—​​(316)​​—​​—​​(316)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Dividends paid on Series A Preferred Stock​—​​—​—​​—​​—​​—​​—​​(4,304)​​(4,304)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Dividends paid on Common Shares​—​​—​—​​—​​—​​—​​—​​(11,364)​​(11,364)
​​​​​​​​​​​​​​​​​​​​​​​​​​
Net loss​—​​—​—​​—​​—​​—​​(39,571)​​—​​(39,571)
Balance, December 31, 2024​2,306,748​$2​46,965,306​$47​$256,956​$—​$35,518​$(110,872)​$181,651
ContentsView on SEC.gov

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