Company: ADAMM
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001104659-25-059349
Chunk: 15

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 15
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isable or is exercisable only upon the occurrence of a subsequent condition); and

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following the closing of any transaction referred to in the bullet point above, neither we nor the acquiring or surviving entity has a class of common equity securities (or American Depositary Receipts representing such securities) listed on the New York Stock Exchange (the “NYSE”), the NYSE American, LLC or the Nasdaq Stock Market, or listed or quoted on an exchange or quotation system that is a successor to the NYSE, the NYSE American, LLC or the Nasdaq Stock Market.

Ranking

The Offered Stock ranks, with respect to rights to the payment of dividends and the distribution of assets upon our liquidation, dissolution or winding up:

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senior to all classes or series of our Junior Stock;

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on a parity with any Parity Stock;

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junior to any Senior Stock; and

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effectively junior to all of our existing and future indebtedness (including indebtedness convertible into or exchangeable for our common stock or preferred stock) and the indebtedness of our existing and future subsidiaries.

Voting Rights

Holders of our Outstanding Series of Preferred Stock generally have no voting rights, other than limited voting rights with respect to certain matters related to Senior Stock or certain amendments that are material and adverse to the terms of our Outstanding Series of Preferred Stock. However, if we do not pay dividends on any Outstanding Series of Preferred Stock for six or more full quarterly dividend periods (whether or not consecutive), the size of our board of directors will automatically be increased by two (if not already increased by reason of such director election) and the holders of such Outstanding Series of Preferred Stock, voting together as a single class with the holders of all other classes or series of our Parity Stock upon which like voting rights have been conferred and are exercisable, will be entitled to vote for the election of two additional directors to serve on our board of directors until we pay, or declare and set apart funds for the payment of, all dividends accumulated on the Outstanding Series of Preferred Stock for all past dividend periods and the then current dividend period. See the sections entitled “Description of the Offered Stock — Our Series D Preferred Stock — Voting Rights,” “Description of the Offered Stock — Our Series E Preferred Stock — Voting Rights,” “Description of the Offered Stock — Our Series F Preferred Stock — Voting Rights” and “Description of the Offered Stock — Our Series G Preferred Stock — Voting Rights,” in this prospectus supplement.

Listing

Our Series D Preferred