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

Company: ADAMAS TRUST, INC.
Filing Date: 2025-06-13
Form: 424B5
Chunk 25
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 in the event that six quarterly dividends (whether or not consecutive) payable on our Outstanding Series of Preferred Stock are in arrears, (b) on amendments to our charter that materially and adversely affect the rights of the holders of our Outstanding Series of Preferred Stock or (c) to authorize, increase or create additional classes or series of our shares that are senior to our Outstanding Series of Preferred Stock. Our Outstanding Series of Preferred Stock will vote together as a single class along with all other classes or series of our Parity Stock upon which like voting rights have been conferred and are exercisable on each of these matters. However, holders of any of our Parity Stock will not be entitled to vote together as a class with the holders of our Outstanding Series of Preferred Stock as to any charter amendment described in (b) above if holders of our Outstanding Series of Preferred Stock are affected unequally by such amendment. 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 our Parity Stock may be able to control or significantly influence the outcome of any vote. Other than the limited circumstances described in this prospectus supplement, holders of our Outstanding Series of Preferred Stock will not have any voting rights. Please see the sections entitled “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.

If our common stock is delisted, your ability to transfer or sell your shares of our Outstanding Series of Preferred Stock may be limited and the market value of our Outstanding Series of Preferred Stock will likely be materially adversely affected.

Other than in connection with a Change of Control, our Outstanding Series of Preferred Stock do not contain provisions that are intended to protect you if our common stock is delisted from Nasdaq. Because our Outstanding Series of Preferred Stock have no stated maturity date, you may be forced to hold your shares of our Outstanding Series of Preferred Stock and receive stated dividends on our Outstanding Series of Preferred Stock when, as and if authorized by our board of directors and declared by us with no assurance

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as to ever receiving the liquidation value thereof. In addition, if our common stock is delisted from