Company: ADAMM
Filing Date: 2025-08-22
Form Type: 424B5
Source: 0001104659-25-081920
Chunk: 10

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-22
Form: 424B5
Chunk 10
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 and registered in the name of a nominee of DTC. Beneficial interests in any of the notes will be shown on, and transfers will be effected only through, records maintained by DTC or its nominee and any such interest may not be exchanged for certificated securities, except in limited circumstances.

Listing

Our 9.875% Senior Notes due 2030 are listed on Nasdaq under the symbol “NYMTH.” The last reported sale price of our 9.875% Senior Notes due 2030 on Nasdaq on August 21, 2025 was $25.30 per note.

U.S. Federal Income Tax Considerations

For a discussion of the material U.S. federal income tax considerations of purchasing, owning and disposing of the notes, please see the section entitled “Additional Material U.S. Federal Income Tax Considerations” in this prospectus supplement and “Material U.S. Federal Income Tax Considerations” in the accompanying prospectus.

Trustee and Paying Agent

U.S. Bank Trust Company, National Association.

Use of Proceeds

We expect that the net proceeds from this offering will be approximately $24.8 million after deducting our estimated expenses. We intend to use the net proceeds from this offering for general corporate purposes, which may include, among other things, acquiring our targeted

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assets and various other types of mortgage-, residential housing- and credit-related assets that we may target from time to time and general working capital purposes. See “Use of Proceeds” in this prospectus supplement.

Governing Law

New York.

Risk Factors

Investing in the notes involves risks that are described under the caption “Risk Factors” in this prospectus supplement and in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024and Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, and as updated by those risks described in our subsequent filings with the SEC under the Exchange Act, which are incorporated by reference into this prospectus supplement.

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### RISK FACTORS
Investing in the notes involves risk. Please see the risks described below in addition to the risk factors included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024and Quarterly Report on Form 10-Q for the quarterly period ended June