Company: ADAMM
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001104659-25-066422
Chunk: 2

Company: ADAMAS TRUST, INC.
Filing Date: 2025-07-08
Form: 8-K
Item: Item 8.01
Chunk 2
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enture.

The net proceeds to the Company from the sale
of the Notes, after deducting the Underwriters’ discounts and commissions and estimated offering expenses, are expected to be approximately
$86.6 million. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include, among
other things, acquiring the Company’s targeted assets and various other types of mortgage-, residential housing- and credit-related
assets that the Company may target from time to time and general working capital purposes.

A copy of the Underwriting Agreement is attached
hereto as Exhibit 1.1 and is incorporated herein by reference. Copies of the Base Indenture, the Fourth Supplemental Indenture and the
form of the Notes are filed as Exhibit 4.1, Exhibit 4.2 and Exhibit 4.3, respectively, to this Current Report on Form 8-K, and are incorporated
herein by reference. The foregoing summaries do not purport to be complete and are qualified in their entirety by reference to the Underwriting
Agreement, the Base Indenture, the Fourth Supplemental Indenture and the form of the Notes. In connection with the registration of the
Notes under the Securities Act, the legal opinions of Venable LLP and Vinson & Elkins L. L. P. relating to the legality of the Notes
are attached as Exhibit 5.1 and Exhibit 5.2, respectively, to this Current Report on Form 8-K.