Every 424B that Adamas Trust, Inc. 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAML) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow ADAML and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADAML filings page.
Adamas Trust, Inc. is issuing $90,000,000 aggregate principal amount of 9.600% Senior Notes due 2031, with an additional $13,500,000 available to underwriters under an over-allotment option. The notes pay 9.600% interest quarterly beginning October 1, 2026 and mature on October 1, 2031, and may be redeemed at par on or after October 1, 2028.
The notes are senior unsecured obligations ranking equally with $347.5 million of existing senior notes and effectively junior to secured and subsidiary-level debt within total consolidated indebtedness of about $11.4 billion as of June 30, 2026. Holders receive a 101% cash repurchase right upon a defined Change of Control Repurchase Event.
Adamas, an internally managed mortgage REIT focused on residential and mortgage credit assets, expects net proceeds of about $86.6 million (or $99.6 million if the option is fully exercised) for general corporate purposes, including acquiring targeted assets and/or repaying existing debt. The company has applied to list the notes on Nasdaq under the symbol “ADAMK”.
Adamas Trust, Inc. is offering a new series of senior unsecured notes due October 1, 2031 under a prospectus supplement. The notes pay fixed quarterly interest, are issued in $25 denominations, and may be redeemed at the company’s option on or after October 1, 2028 at 100% of principal plus accrued interest.
Upon a Change of Control Repurchase Event, holders can require the company to repurchase the notes at 101% of principal plus accrued interest. The notes rank pari passu with Adamas Trust’s existing senior unsecured notes and are effectively subordinated to secured and subsidiary debt. As of June 30, 2026, total consolidated indebtedness was $11.4 billion, including $347.5 million of senior unsecured notes. Net proceeds are intended for general corporate purposes, including acquiring targeted assets and/or repaying existing indebtedness. The company has applied to list the notes on Nasdaq under the symbol “ADAMK”.
Adamas Trust, Inc. filed a prospectus supplement establishing an at-the-market equity offering to sell up to $250,000,000 of its common stock under an equity distribution agreement with JonesTrading Institutional Services LLC, BTIG, LLC and B. Riley Securities, Inc. dated June 12, 2026. Sales may occur on Nasdaq or otherwise as an at-the-market program, at prevailing market or negotiated prices, and Agents may purchase shares as principals under separate agreements. Agents may earn up to 2.0% of gross proceeds as compensation. The company states net proceeds will be used for general corporate purposes, including acquiring mortgage-, residential housing- and credit-related assets and working capital. The prospectus supplement notes ownership transfer limits (generally 9.9%) designed to preserve REIT qualification and discloses a last reported sale price of $9.11 per share on Nasdaq on June 11, 2026.