Company: ADAMM
Filing Date: 2025-07-01
Form Type: 424B5
Source: 0001104659-25-064730
Chunk: 54

Company: ADAMAS TRUST, INC.
Filing Date: 2025-07-01
Form: 424B5
Chunk 54
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 any person to no more than 9.9% in value or in number of shares, whichever is more restrictive, of the outstanding shares of our common stock and no more than 9.9% in value of any class or series of our capital stock. In addition, our charter contains various other restrictions on the ownership and transfer of our capital stock. See “Description of Common Stock — Restrictions on Ownership and Transfer” and “Description of Preferred Stock — Restrictions on Ownership and Transfer; Change of Control Provisions.”

Investing in our securities involves substantial risks. You should carefully read and consider the information under “Risk Factors” on page 6of this prospectus and included in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents filed by us with the Securities and Exchange Commission, and any prospectus supplement before making a decision to purchase these securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.**

#### The date of this prospectus is August 5, 2024.
TABLE OF CONTENTS

TABLE OF CONTENTS

| ​                                                             | ​ | ​ | Page |   |    |   | ​ |
| ABOUT THIS PROSPECTUS                                         | ​ | ​ | ​    | ​ |  1 | ​ | ​ |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS          | ​ | ​ | ​    | ​ |  3 | ​ | ​ |
| OUR COMPANY                                                   | ​ | ​ | ​    | ​ |  5 | ​ | ​ |
| RISK FACTORS                                                  | ​ | ​ | ​    | ​ |  6 | ​ | ​ |
| USE OF PROCEEDS                                               | ​ | ​ | ​    | ​ |  7 | ​ | ​ |
| DESCRIPTION OF THE SECURITIES WE MAY OFFER                    | ​ | ​ | ​    | ​ |  8 | ​ | ​ |
| DESCRIPTION OF COMMON STOCK                                   | ​ | ​ | ​    | ​ |  9 | ​ | ​ |
| DESCRIPTION OF PREFERRED STOCK                                | ​ | ​ | ​    | ​ | 13 | ​ | ​ |
| DESCRIPTION OF DEBT SECURITIES                                | ​ | ​ | ​    | ​ | 20 | ​ | ​ |
| GLOBAL SECURITIES                                             | ​ | ​ |