 BRANFORD, Conn., June 23, 2021 GLOBE NEWSWIRE -- Sachem Capital Corp. NYSE American: SACH today announced that it has priced an 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, which will result in net proceeds to the Company of approximately 40.8 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Series A Preferred Stock has a private credit rating of BBB from Egan-Jones Ratings Company, an independent unaffiliated rating agency. 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. 