Company: ADAMM
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001104659-25-059349
Chunk: 14

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 14
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, the redemption date. See the section entitled “Description of the Offered Stock — Our Series F Preferred Stock — Redemption” in this prospectus supplement.

The Series G Preferred Stock is not redeemable by us prior to January 15, 2027, except as described below under “— Special Optional Redemption” upon the occurrence of a Change of Control. In addition, on and after January 15, 2027, we may, at our option, redeem the Series G Preferred Stock, in whole or in part, at any time or from time to time, for cash at a redemption price of $25.00 per share, plus any accumulated and unpaid dividends thereon (whether or not authorized or declared) to, but excluding, the redemption date. See the section entitled “Description of the Offered Stock — Our Series G Preferred Stock — Redemption” in this prospectus supplement.

Special Optional Redemption

Following a Change of Control the Company may, at its option, redeem any of the Outstanding Series of Preferred Stock, in whole or in part, on the effective date of any such Change of Control, for cash at $25.00 per share, plus accumulated and unpaid dividends to, but excluding, the redemption date. See the sections entitled “Description of the Offered Stock — Our Series D Preferred Stock — Redemption — Special Optional Redemption,” “Description of the Offered Stock — Our Series E Preferred Stock — Redemption — Special Optional Redemption,” “Description of the Offered Stock — Our Series F Preferred Stock — Redemption — Special Optional Redemption” and “Description of the Offered Stock — Our Series G Preferred Stock — Redemption — Special Optional Redemption” in this prospectus supplement.

A “Change of Control” is deemed to occur when, after the original issuance of the Outstanding Series of Preferred Stock, the following have occurred and are continuing:

•

the acquisition by any person, including any syndicate or group deemed to be a “person” under Section 13(d)(3) of the Exchange Act of beneficial ownership, directly or indirectly, through a purchase, merger or other acquisition transaction or series of purchases, mergers or other acquisition transactions of our stock entitling that person to exercise more than 50% of the total voting power of all our stock entitled to vote generally in the election of our directors (except that such person will be deemed to have beneficial ownership of all securities that such person has the right to acquire, whether such right is

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