Company: ADAMM
Filing Date: 2025-06-13
Form Type: 424B5
Source: 0001104659-25-059349
Chunk: 21

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 21
---
 additional series or classes of our Parity Stock, could have the effect of reducing the amounts available to our Outstanding Series of Preferred Stock issued in this offering upon our liquidation or dissolution or the winding up of our affairs. It also may reduce dividend payments on our Outstanding Series of Preferred Stock issued in this offering if we do not have sufficient funds to pay dividends on all of our Outstanding Series of Preferred Stock outstanding and other classes of stock with equal priority with respect to dividends.

In addition, although holders of our Outstanding Series of Preferred Stock are entitled to limited voting rights, as described in “Description of the Offered Stock — Our Series D Preferred Stock — Voting Rights,” “Description of the Offered Stock — Our Series E Preferred Stock — Voting Rights,” “Description of the Offered Stock — Our Series F Preferred Stock — Voting Rights” and “Description of the Offered Stock — Our Series G Preferred Stock — Voting Rights,” in this prospectus supplement, with respect to such matters, our Outstanding Series of Preferred Stock will vote as a single class along with all other classes or series of our Parity Stock that we have issued and may in the future issue upon which like voting rights have been conferred and are exercisable. As a result, the voting rights of holders of our Outstanding Series of Preferred Stock may be significantly diluted, and the holders of such other series of preferred stock that we have issued and may in the future issue may be able to control or significantly influence the outcome of any vote.

Future issuances and sales of our Outstanding Series of Preferred Stock or our Parity Stock, or the perception that such issuances and sales could occur, may cause prevailing market prices for our Outstanding Series of Preferred Stock and our common stock to decline and may adversely affect our ability to raise additional capital in the financial markets at times and prices favorable to us.

You may not be able to exercise conversion rights upon a Change of Control. If exercisable, the change of control conversion rights described in this prospectus supplement may not adequately compensate you. These change of control conversion rights may also make it more difficult for a party to acquire us or discourage a party from acquiring us.

Upon the occurrence of a Change of Control (as defined in “Description of the Offered Stock — Our Series D Preferred Stock — Redemption,” “Description of the Offered Stock — Our Series E Preferred Stock — Redemption,” “Description of the Offered Stock — Our Series F Preferred Stock — Redemption” and “Description of the Offered Stock — Our Series G Preferred Stock — Redemption” in this prospect