BRIEF-Sachem Capital And Industrial Realty Group Announce Strategic Combination To Create IRG Realty Trust

Sachem Capital Corp.

Sachem Capital Corp.

SACH

0.00

May 18 (Reuters) - Sachem Capital Corp SACH.A:

  • SACHEM CAPITAL CORP. AND INDUSTRIAL REALTY GROUP ANNOUNCE STRATEGIC COMBINATION TO CREATE IRG REALTY TRUST, A TOP-10 PUBLIC INDUSTRIAL REIT

  • SACHEM CAPITAL CORP - COMBINED ENTERPRISE VALUE ABOUT $3.4 BILLION AS OF MARCH 31, 2026

  • SACHEM CAPITAL CORP - DEAL VALUES SACHEM COMMON SHARES AT $2.00 PER SHARE, 90% PREMIUM TO 30-DAY VWAP

  • SACHEM CAPITAL CORP - UPON DEAL CLOSE, IRGT TO OWN 98 INDUSTRIAL PROPERTIES WITH $2.9 BILLION GROSS ASSET VALUE PLUS $470 MILLION SACHEM ASSETS

  • SACHEM CAPITAL CORP - STUART LICHTER TO SERVE AS CHAIRMAN OF IRGT BOARD; JOHN VILLANO TO REMAIN ON BOARD

  • SACHEM CAPITAL CORP - IRGT TO EXECUTE 20-TO-1 REVERSE STOCK SPLIT; POST-SPLIT REFERENCE PRICE $40.00 PER SHARE

  • SACHEM CAPITAL: ANTICIPATED THAT SCOTIABANK WILL WORK TO ARRANGE A NEW CREDIT FACILITY FOR IRGT

  • SACHEM CAPITAL CORP: EXISTING SACHEM COMMON SHAREHOLDERS RETAINING OWNERSHIP OF 5.9% ON FULLY DILUTED BASIS

Source text: ID:nGNX74zb5x

Further company coverage: SACH.A


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