Adamas Trust establishes $250M ATM common stock offering program

ADAMAS TRUST, INC.

Entered equity distribution agreement with JonesTrading, BTIG, and B. Riley Securities for at-the-market sales of common stock up to $250M.
Agents receive up to 2.0% of gross proceeds; no obligation to sell any shares.
Net proceeds for general corporate purposes, including asset acquisitions and working capital.
Offered under existing S-3 shelf; prospectus supplement filed June 12, 2026.

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