{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-097101","form_type":"8-K","ticker":"ADAM","cik":"0001273685","company_name":"ADAMAS TRUST, INC.","filed_at":"2026-08-14T20:06:48+00:00","discovered_at":"2026-08-14T20:13:00.257531+00:00","generated_at":"2026-08-14T20:13:13.820127+00:00","sec_items":["8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Adamas Trust completes $90M offering of 9.600% Senior Notes due 2031","bullets":["Issued $90M aggregate principal of 9.600% Senior Notes due 2031 at 100% of par.","Interest payable quarterly starting Oct 1, 2026; maturity Oct 1, 2031; redeemable after Oct 1, 2028.","Net proceeds ~$86.6M after discounts/expenses; for general corporate purposes incl. acquisitions/debt repayment.","Underwriters include Morgan Stanley, KBW, Piper Sandler, RBC, UBS, Wells Fargo; 30-day over-allotment option for $13.5M additional.","Notes are senior unsecured, rank equal to existing 9.125% 2029, 9.125% 2030, 9.875% 2030, 9.250% 2031 notes."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-097101","json":"https://secwatch.observer/filing/0001104659-26-097101.json","markdown":"https://secwatch.observer/filing/0001104659-26-097101.md","text":"https://secwatch.observer/filing/0001104659-26-097101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1273685/000110465926097101/0001104659-26-097101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1273685/000110465926097101/tm2623199d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-14T20:13:13.820127+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}