secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001104659-25-059356
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000110465925059356/0001104659-25-059356-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000110465925059356/tm2517858d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-059356

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