Sachem Ekes up on Dividend

Sachem Capital Corp. (SACH) filed an SEC Form 8-K — Results of Operations and Financial Condition. EXHIBIT 99.1 Earnings Release - Second Quarter 2026 SACHEM CAPITAL REPORTS SECOND QUARTER 2026 RESULTS – Provides Update on Pending Asset Contribution Transaction with Industrial Realty Group (IRG) – – Significant Leases Signed by IRG Representing 9.3 Million Square Feet – BRANFO

Meta's board approved a new non-voting Class C stock, with a one-for-one dividend to existing shareholders. The move, disclosed with Q3 results, allows Meta to raise funds without diluting Zuckerberg's control. According to the SEC filing, Meta could raise $700B in equity before Zuckerberg's voting power falls below 50%. CFO Susan Li clarified the 'hundreds of billions' figure is a theoretical maximum, not current plans. Zuckerberg's voting power is about 60.6% as of October 1.

Meta's board restructured stock to help CEO Mark Zuckerberg pay a potential multibillion-dollar tax bill from California's proposed wealth tax while preserving his voting control. Zuckerberg agreed to remain a California resident for eight years. The agreement links his tax concerns to Meta's ownership structure, with Zuckerberg's fortune estimated at $247 billion.

Elon Musk reportedly invested $1B in Skydance (SKYD), alongside other investors, to support its share price and reduce debt post-merger. John Malone suggested SpaceX could invest $8B-$10B in Skydance, citing potential content distribution benefits and debt relief.

UBS acquired a 4.8% stake in 360 ONE WAM by converting warrants into equity shares. The transaction involved 2,05,02,939 shares issued at Rs 1,030 each, totaling Rs 2,112 crore. 360 ONE manages over Rs 9 lakh crore in assets and serves 9,000 clients. The deal follows a 2025 partnership where UBS sold its Indian wealth management business to 360 ONE.

General Motors (GM) will close its Brownstown Battery Assembly plant by summer 2027 as its lease ends. The plant, initially used for Chevrolet Volt battery production, now serves low-volume models like the Cadillac Celestiq and hybrid Corvettes. GM reported strong Q3 results with $50.0 billion revenue and $3.3 billion net income, but shares fell 6% due to lowered EPS guidance. The company also announced a $20 billion share repurchase program.