---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-059356"
form_type: "8-K"
ticker: "ADAM"
cik: "0001273685"
company_name: "ADAMAS TRUST, INC."
filed_at: "2025-06-13T23:59:59+00:00"
generated_at: "2026-05-19T07:38:39.782999+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NYMT launches $50M preferred stock ATM; amends 5.75% notes covenant to 8:1 debt-to-equity

## Summary
- Entered Equity Distribution Agreement with JonesTrading to sell up to $50M aggregate of Series D, E, F, G preferred stock at-the-market.
- Agent receives up to 2.0% of gross proceeds; net proceeds for acquisitions, mortgage-related assets, and working capital.
- Amended indenture for 5.75% Senior Notes due 2026 to set maximum Net Debt to Equity Ratio at 8.00 to 1.00 per quarter.
- Amendment follows consent solicitation that expired June 12, 2025 with majority holder approval.
- Filed prospectus supplement dated June 13, 2025 to existing S-3 registration statement.

## SEC filing metadata
- accession: 0001104659-25-059356
- form_type: 8-K
- ticker: ADAM
- cik: 0001273685
- company_name: ADAMAS TRUST, INC.
- filed_at: 2025-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1273685/000110465925059356/0001104659-25-059356-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273685/000110465925059356/tm2517858d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-059356
- JSON: https://secwatch.observer/filing/0001104659-25-059356.json
- Plain text: https://secwatch.observer/filing/0001104659-25-059356.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.