secwatch.observer — SEC 8-K summary
======================================

Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001273685-23-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000127368523000047/0001273685-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000127368523000047/nymt-20230301.htm
  HTML page:      https://secwatch.observer/filing/0001273685-23-000047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer