Company: ADAMM
Filing Date: 2025-07-08
Form Type: 8-K
Source: 0001104659-25-066422
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Company: ADAMAS TRUST, INC.
Filing Date: 2025-07-08
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

On July 8, 2025, New York Mortgage Trust, Inc.,
a Maryland corporation (the “ Company”), completed the issuance and sale of $90 million aggregate principal amount of its 9.875%
Senior Notes due 2030 (the “ Notes”), which includes $5 million aggregate principal amount of the Notes issued and sold pursuant to the Underwriters’ (as defined below) partial
exercise of their over-allotment option granted pursuant to the Underwriting Agreement (as defined below), in a public offering pursuant to the Company’s registration statement on Form S-3
(File No. 333-281046) (the “ Registration Statement”) and a related prospectus, as supplemented by a preliminary prospectus
supplement, dated June 30, 2025 and a final prospectus supplement dated June 30, 2025, each filed with the Securities Exchange Commission
pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “ Securities Act”). Pursuant to the Underwriting
Agreement the Company granted the Underwriters a 30-day option to purchase up to an additional
$12.75 million aggregate principal amount of the Notes to cover over-allotments, which the Underwriters exercised in part on July 7, 2025.

The Notes were sold pursuant to an underwriting
agreement (the “ Underwriting Agreement”), dated as of June 30, 2025, by and among the Company and Morgan Stanley & Co.
LLC, Keefe, Bruyette & Woods, Inc., Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities,
LLC as representatives of the several underwriters named therein (collectively, the “ Underwriters”), whereby the Company agreed
to sell to the Underwriters and the Underwriters agreed to purchase from the Company, subject to and upon the terms and conditions set
forth in the Underwriting Agreement, the Notes. The Company made certain customary representations, warranties and covenants concerning
the Company and the Registration Statement in the Underwriting Agreement and also agreed to indemnify the Underwriters against certain
liabilities, including liabilities under the Securities Act.

The Notes were issued at 100% of the principal
amount, bear interest at a rate equal to 9.875% per year, payable in cash quarterly in arrears on January 1, April 1, July