 BRANFORD, Conn., June 29, 2021 GLOBE NEWSWIRE -- Sachem Capital Corp. NYSE American: SACH today closed the underwritten public offering of 1,700,000 shares of its 7.75 Series A Cumulative Redeemable Preferred Stock the Series A Preferred Stock at a public offering price of 25.00 per share, or 42.5 million in the aggregate. Net proceeds to the company, after payment of underwriting discounts and commissions and estimated offering expenses payable by the company, are expected to be approximately 40.5 million. In addition, the company has granted the underwriters a 30-day option to purchase up to an additional 255,000 shares of Series A Preferred Stock on the same terms and conditions to cover overallotments, if any. 