Company: ADAMM
Filing Date: 2025-08-22
Form Type: 8-K
Source: 0001104659-25-081930
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Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-22
Form: 8-K
Item: Item 8.01
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Item 8.01.      Other Events.  

On August 22, 2025 (the “ Closing Date”),
New York Mortgage Trust, Inc., a Maryland corporation (the “ Company”), completed the issuance and sale of $25 million aggregate
principal amount of its 9.875% Senior Notes due 2030 (the “ Notes”) in a registered direct 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 prospectus supplement, dated August 22, 2025, as filed with the Securities Exchange Commission (“ SEC”) pursuant to Rule
424(b) under the Securities Act of 1933, as amended (the “ Securities Act”). The Notes are part of the same series as the $90,000,000
principal amount of 9.875% Senior Unsecured Notes due 2030 issued by the Company on July 8, 2025 (the “ Initial Notes”), as
previously disclosed on the Company’s Form 8-K filed with the SEC on July 8, 2025 (the “ July Form 8-K”), and have the
same terms as the Initial Notes. The description of the terms of the Initial Notes and the Indenture (as defined below) contained in the
July Form 8-K is incorporated by reference herein.

The Notes were sold pursuant to a securities purchase
agreement, dated as of August 22, 2025, by and among the Company and certain institutional investors. The Notes were issued and sold at
100% of the principal amount.

The Notes were issued under the indenture, dated
January 23, 2017 (the “ Base Indenture”), as supplemented by the fourth supplemental indenture, dated July 8, 2025 (the “ Fourth
Supplemental Indenture,” and together with the Base Indenture, the “ Indenture”), by and between the Company and U. S.
Bank Trust Company, National Association, as successor to U. S. Bank National Association, as trustee. The Notes are senior unsecured obligations
of the Company

The net proceeds to the Company from the sale
of the Notes, after deducting the Company’s estimated offering expenses, are expected to be approximately $24.8 million. The Company
intends to use the net proceeds from this offering for general corporate purposes, which may include