New York Mortgage Trust announces 1-for-4 reverse stock split effective March 9, 2023

ADAMAS TRUST, INC.

Reverse split converts every 4 outstanding shares of NYMT common into 1 share; par value temporarily adjusted to $0.04 then back to $0.01.
Authorized shares reduced proportionately from 800M to 200M; fractional shares settled in cash based on March 8 closing price.
Common stock continues trading under symbol 'NYMT' on Nasdaq; new CUSIP: 649604840.
Outstanding equity plan awards and shares issuable under 2017 Equity Incentive Plan ratably adjusted for the split.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

ADAMAS TRUST, INC.: Filed Articles of Amendment to charter to effect a one-for-four reverse stock split, reducing authorized shares from 800M to 200M and adjusting par value from $0.01 to $0.04 temporarily then back to $0.01 (effective 2023-03-09).

Change: charter amendment
Effective: 2023-03-09

Exact text from the filing

the Company filed Articles of Amendment to its charter (the “Amendment”) with the Maryland State Department of Assessments and Taxation. The Amendment will take effect as of 12:01 a.m., Eastern Time, on March 9, 2023 (the “Effective Time”).

View on SEC.gov

Browse all governance changes →

ADAMAS TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001273685-23-000047

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.