Company: AOMN
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001104659-25-050029
Chunk: 2

Company: Angel Oak Mortgage REIT, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 2
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| Public offering price           | ​ | ​ | ​        | $ | 25.0000 | ​ | ​ | ​ | ​        | $ | 40,000,000 | ​ | ​ |
| Underwriting discount(2)        | ​ | ​ | ​        | $ |  0.7875 | ​ | ​ | ​ | ​        | $ |  1,260,000 | ​ | ​ |
| Proceeds to us, before expenses | ​ | ​ | ​        | $ | 24.2125 | ​ | ​ | ​ | ​        | $ | 38,740,000 | ​ | ​ |

(1) Assumes no exercise of the underwriters’ over-allotment option, described below. (2) See “Underwriting” for additional disclosure regarding the underwriting discount and expenses payable to the underwriters by us. The underwriters will have the option to purchase, within a period of 30 days beginning from the date of this prospectus supplement, up to an additional $6,000,000 aggregate principal amount of notes from us, solely for the purpose of covering over-allotments, if any, at the public offering price less the underwriting discount. The underwriters expect to deliver the notes in book-entry only form through the facilities of The Depository Trust Company on or about May 21, 2025. Joint Book Running Managers RBC Capital Markets UBS Investment Bank Wells Fargo Securities Piper Sandler Co-Managers B. Riley Securities Janney Montgomery Scott The date of this prospectus supplement is May 14, 2025

TABLE OF CONTENTS

TABLE OF CONTENTS Prospectus Supplement

| ​                                                    | ​ | ​ | Page |   |      |   | ​ |
| ABOUT THIS PROSPECTUS SUPPLEMENT                     | ​ | ​ | ​    | ​ | S-1  | ​ | ​ |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | ​ | ​ | ​    | ​ | S-2  | ​ | ​ |
| PROSPECTUS SUPPLEMENT SUMMARY                        | ​ | ​ | ​    | ​ | S-4  | ​ | ​ |
| THE OFFERING                                         | ​ | ​ | ​    | ​ | S-5  | ​