Company: ADAMM
Filing Date: 2025-01-10
Form Type: 424B5
Source: 0001104659-25-002551
Chunk: 42

Company: ADAMAS TRUST, INC.
Filing Date: 2025-01-10
Form: 424B5
Chunk 42
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 the cover page of this prospectus supplement and to selling group members at that price less a selling concession of $0.50 per $25.00 principal amount of the notes. After the initial public offering, the underwriters may change the public offering price and concession or any other selling term of this offering may change. The offering of the notes by the underwriters is subject to receipt and acceptance and subject to the underwriters’ right to reject any order in whole or in part. The following table shows the underwriting discounts and commissions that we are to pay to the underwriters in connection with this offering. These amounts are shown assuming both no exercise and full exercise of the underwriters’ over-allotment option.

| ​                                                 
 ​                                                 | ​ 
 ​ | ​ 
 ​ | ​        
 Per Note | ​ |       ​ | ​ | ​ 
 ​ | ​ 
 ​ | Total                 
 WithoutOver-Allotment |   |            |   | ​ | ​ | WithOver-Allotment |   |            |   | ​ 
 ​ |
|:--------------------------------------------------|:--|:--|:---------|:--|--------:|:--|:--|:--|:----------------------|:--|-----------:|:--|:--|:--|:-------------------|:--|-----------:|:--|:--|
| Public offering price                             | ​ | ​ | ​        | $ |   25.00 | ​ | ​ | ​ | ​                     | $ | 75,000,000 | ​ | ​ | ​ | ​                  | $ | 86,250,000 | ​ | ​ |
| Underwriting discounts and commissions paid by us | ​ | ​ | ​        | $ |  0.7875 | ​ | ​ | ​ | ​                     | $ |  2,362,500 | ​ | ​ | ​ | ​                  | $ |  2,716,875 | ​ | ​ |
| Proceeds, before expenses, to us                  | ​ | ​ | ​        | $ | 24.2125 | ​ | ​ | ​ | ​                     | $ | 72,637,500 | ​ | ​ | ​ | ​                  | $ | 83,533,125 | ​ | ​ |

We have also agreed to reimburse the reasonable fees and disbursements of counsel for the underwriters up to $150,000 in connection with the offering. We estimate that our total expenses incurred