Company: ADAMM
Filing Date: 2025-09-05
Form Type: S-3
Source: 0001104659-25-087812
Chunk: 3

Company: ADAMAS TRUST, INC.
Filing Date: 2025-09-05
Form: S-3
Chunk 3
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 our Series G Preferred Stock on Nasdaq on September 4, 2025 was $18.05 per share. Our 9.125% Senior Notes due 2029, referred to as our 2029 Notes, are listed on Nasdaq under the symbol “ADAMI.” The last reported sale price of our 2029 Notes on Nasdaq on September 4, 2025 was $25.10 per note. Our 9.125% Senior Notes due 2030, referred to as our 2030 Notes, are listed on Nasdaq under the symbol “ADAMG.” The last reported sale price of our 2030 Notes on Nasdaq on September 4, 2025 was $25.05 per note. Our 9.875% Senior Notes due 2030, referred to as our 9.875% Notes, are listed on Nasdaq under the symbol “ADAMH.” The last reported sale price of our 9.875% Notes on Nasdaq on September 4, 2025 was $25.55 per note.

We elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with our taxable year ended December 31, 2004. To assist us in complying with certain U.S. federal income tax requirements applicable to REITs, among other purposes, our charter generally limits beneficial and constructive ownership by any person to no more than 9.9% in value or in number of shares, whichever is more restrictive, of the outstanding shares of our common stock and no more than 9.9% in value of any class or series of our capital stock. In addition, our charter contains various other restrictions on the ownership and transfer of our capital stock. See “Description of Common Stock — Restrictions on Ownership and Transfer” and “Description of Preferred Stock — Restrictions on Ownership and Transfer; Change of Control Provisions.”

Investing in our securities involves substantial risks. You should carefully read and consider the information under “Risk Factors” on page 6of this prospectus and included in our most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other documents filed by us with the Securities and Exchange Commission, and any prospectus supplement before making a decision to purchase these securities.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a