Sachem Capital submits Form 25 notification for NYSE American delisting
Rhea-AI Filing Summary
Sachem Capital Corp. filed a Form 25 notification indicating a class of its securities is being removed from listing and/or registration on NYSE American LLC. The filing certifies the exchange followed the rules in 17 CFR 240.12d2-2 for removal and notes the issuer may have complied with voluntary withdrawal requirements. The document is procedural and does not disclose financial results, transaction details, or reasons for the removal.
Positive
- Exchange-certified procedure followed under 17 CFR 240.12d2-2
- Form 25 submission completed, indicating regulatory process is in motion
Negative
- Class of securities will be removed from listing on NYSE American LLC, a material change to market access
- No reasons or effective date provided, limiting investor clarity
Insights
TL;DR: A procedural delisting notification was filed for the company's securities.
The filing is a formal notice under Form 25 showing that a class of securities of Sachem Capital Corp. will be struck from listing on NYSE American LLC. It cites compliance with 17 CFR 240.12d2-2 provisions, indicating the exchange and/or issuer followed the procedural rules for removal or voluntary withdrawal.
The document contains no financial metrics, rationale, or timeline for the effective removal, so near-term investor impact cannot be quantified from this filing alone. Watch for subsequent filings or exchange notices that state the effective delisting date or provide reasons within a short regulatory timeframe.