Sachem Capital Corp. Terminates Relationship with Hoberman & Lesser CPA’s, LLP and Engages Baker Tilly US, LLP as New Independent Registered Public Accounting Firm

Sachem Capital Corp. (OTCMKTS:SCCB) recently announced key changes in its certifying accountant relationship. Effective November 18, 2024, the company terminated its association with Hoberman & Lesser CPA’s, LLP, which had been serving as its independent registered public accounting firm.

Following the termination, Sachem Capital Corp. engaged Baker Tilly US, LLP as its new independent registered public accounting firm. The decision to replace Hoberman was directed by the Audit Committee of the company’s Board of Directors, who reviewed potential firms and ultimately selected Baker Tilly to take over the role.

Hoberman’s reports on Sachem Capital Corp.’s financial statements for the years ended December 31, 2022 and 2023 were noted to contain no adverse opinion, disclaimer of opinion, or modifications. Additionally, there were no disagreements with Hoberman during their audits and reviews in the specified period.

The company confirmed that during the two most recent fiscal years and through November 14, 2024, there were no consultation matters with Baker Tilly that would necessitate disclosure under relevant regulations.

Sachem Capital Corp. acknowledges and has provided Hoberman with the information regarding these changes as per Item 4.01, as stated in the 8-K filing submitted to the U.S. Securities and Exchange Commission. A letter dated November 19, 2024, from Hoberman & Lesser CPA’s, LLP to the U.S. Securities and Exchange Commission regarding the change in the certifying accountant of the company is attached as Exhibit 16.1 to the filing.

The company has emphasized in the filing that these changes are part of routine business operations. The 8-K filing includes further details and relevant information in accordance with regulatory requirements.

For additional information and access to the complete 8-K filing, interested parties can refer to the official document on the SEC’s website.

This article does not constitute an offer or solicitation to buy or sell securities and includes forward-looking statements that are subject to risks and uncertainties. Readers are advised to exercise caution and conduct their own analysis before making financial decisions.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sachem Capital Corp. 7.125% Not’s 8K filing here.

About Sachem Capital Corp. 7.125% Not

since 2010, sachem capital has been financing opportunistic real estate transactions in the new england area. sachem capital provides quick, short-term bridge capital for real estate investors, builders or developers who need immediate funding or to solve an immediate problem. our creative real estate financing solutions are developed exclusively for those seeking alternatives to conventional bank loans.