Sachem Capital Corp 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Exchange Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports) and (2)has been subject to such filing requirementsfor the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☐Smaller Reporting Company☒Emerging growth company☐ Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued itsaudit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ As of June30, 2024, the last business day of registrant’s most recently completed second fiscal quarter, the aggregate market value of the registrant’s votingand non-voting common shares held by non-affiliates, computed by reference to the closing price for a common share on the NYSE American LLC on such date,was approximately $117.7million. As of March 28, 2025 the registrant had47,310,139common shares, $0.001 par value outstanding. DOCUMENTS INCORPORATED BY REFERENCE None. SACHEM CAPITAL CORP.FORM10-K ANNUAL REPORT TABLE OF CONTENTS PagePART I4Item 1.Business4Item 1A.Risk Factors13Item 1B.Unresolved Staff Comments39Item 1C.Cybersecurity39Item 2.Properties40Item 3.Legal Proceedings40Item 4.Mine Safety Disclosures40PART II41Item 5.Market for Common Equity, Related Shareholder Matters and Small Business IssuerPurchases of Equity Securities41Item 6.[Reserved]41Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations41Item 7A.Quantitative and Qualitative Disclosures about Market Risk47Item 8.Consolidated Financial Statements and Supplementary Data47Item 9.Change in and Disagreements with Accountants on Accounting and Financial Disclosure47Item 9A.Controls and Procedures47Item 9B.Other Information49Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections50PART III51Item 10.Directors, Executive Officers and Corporate Governance51Item 11.Executive Compensation51Item 12.Security Ownership of Certain Beneficial Owners and Management and Related ShareholderMatters51Item 13.Certain Relationships and Related Transactions and Director Independence51Item 14.Principal Accounting Fees and Services51PART IV52Item 15.Exhibits and Financial Statement Schedules52Item 16.Form 10-K Summary54SIGNATURES55 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This annual report on Form10-K (this “Report”) includes forward-looking statements. All statementsother than statements of historical facts contained in this Report, including statements regarding our future resultsof 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 andother words and terms of similar expressions