Company: ADAMM
Filing Date: 2025-01-14
Form Type: 8-K
Source: 0001104659-25-003447
Chunk: 0

Company: ADAMAS TRUST, INC.
Filing Date: 2025-01-14
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01.      Other Events.  

On January 14, 2025,
New York Mortgage Trust, Inc., a Maryland corporation (the “ Company”), completed the issuance and sale of $82.5 million
aggregate principal amount of its 9.125% Senior Notes due 2030 (the “ Notes”), which includes $7.5 million aggregate
principal amount of the Notes issued and sold pursuant to the Underwriters' (as defined below) partial exercise of their
over-allotment option granted pursuant to the Underwriting Agreement (as defined below), in a public offering pursuant to the
Company’s registration statement on Form S-3 (File No. 333-281046) (the “ Registration Statement”) and a related
prospectus, as supplemented by a preliminary prospectus supplement, dated January 8, 2025 and a final prospectus supplement dated
January 8, 2025, each filed with the Securities Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as
amended (the “ Securities Act”). Pursuant to the Underwriting Agreement, the Company granted the
Underwriters a 30-day option to purchase up to an additional $11.25 million aggregate principal amount of the
Notes to cover over-allotments, which the Underwriters exercised in part on January 13, 2025.

The Notes were sold pursuant
to an underwriting agreement (the “ Underwriting Agreement”), dated as of January 8, 2025, by and among the Company and Morgan
Stanley & Co. LLC, Piper Sandler & Co., RBC Capital Markets, LLC, UBS Securities LLC and Wells Fargo Securities, LLC as representatives
of the several underwriters named therein (collectively, the “ Underwriters”), whereby the Company agreed to sell to the Underwriters
and the Underwriters agreed to purchase from the Company, subject to and upon the terms and conditions set forth in the Underwriting Agreement,
the Notes. The Company made certain customary representations, warranties and covenants concerning the Company and the Registration Statement
in the Underwriting Agreement and also agreed to indemnify the Underwriters against certain liabilities, including liabilities under the
Securities Act.

The Notes were issued at
100% of the principal amount, bear interest at a rate equal to 9.125% per year, payable in cash quarterly in arrears on January 1, April
1, July 1 and October 1