Company: AOMN
Filing Date: 2025-05-21
Form Type: 8-K
Source: 0001104659-25-051605
Chunk: 1

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-21
Form: 8-K
Item: Item 2.03
Chunk 1
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, unless earlier redeemed by the Company.

The Company may redeem the
Notes in whole or in part at any time or from time to time at the Company’s option on or after June 1, 2027, upon not less than
30 days’ nor more than 60 days’ notice to holders prior to the redemption date, at a redemption price equal to 100% of the
principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date, as described in
greater detail in the Indenture.

The Notes rank equal in right
of payment to any of the Company’s existing and future unsecured and unsubordinated indebtedness; effectively subordinated in right
of payment to any of the Company’s existing and future secured indebtedness to the extent of the value of the assets securing such
indebtedness; and structurally subordinated to all existing and future indebtedness and other liabilities (including trade payables) and
(to the extent not held by the Company) preferred stock, if any, of its subsidiaries other than the Guarantor and of any entity the Company
accounts for using the equity method of accounting.

Upon a Change of Control Repurchase
Event (as defined in the Indenture), the Company must make an offer to repurchase all outstanding Notes at a price in cash equal to 101%
of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the repurchase date.

The occurrence of an Event
of Default (as defined in the Indenture) may, subject to certain conditions set forth in the Indenture, lead to the principal amount of,
premium, if any, and accrued and unpaid interest on all of the outstanding Notes to be due and payable immediately.

The Notes have been approved
for listing on the New York Stock Exchange under the symbol “ AOMD” and trading of the Notes is expected to commence thereon
within 30 days after the date hereof.

The descriptions of the Base
Indenture, the Second Supplemental Indenture and the Notes in this Current Report on Form 8-K are summaries and are qualified in their
entirety by the terms of the Base Indenture, the Second Supplemental Indenture and the Notes, respectively.

The Notes and the Guarantee
were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on Form S-3 (Registration
Nos. 333-280531 and 333-280