Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 149

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 149
---
2023January 1, 2024January 15, 20240.50 0.4921875 0.4296875 0.43750 September 11, 2023October 1, 2023October 15, 20230.50 0.4921875 0.4296875 0.43750 June 6, 2023July 1, 2023July 15, 20230.50 0.4921875 0.4296875 0.43750 March 9, 2023April 1, 2023April 15, 20230.50 0.4921875 0.4296875 0.43750 December 12, 2022January 1, 2023January 15, 20230.50 0.4921875 0.4296875 0.43750 September 16, 2022October 1, 2022October 15, 20220.50 0.4921875 0.4296875 0.43750 June 17, 2022July 1, 2022July 15, 20220.50 0.4921875 0.4296875 0.43750 March 14, 2022April 1, 2022April 15, 20220.50 0.4921875 0.4296875 0.43750 (c)Common StockThe Company had 200,000,000 authorized shares of common stock, par value $0.01 per share, with 90,574,996 and 90,675,403 shares issued and outstanding as of December 31, 2024 and 2023, respectively.On February 22, 2023, the Company announced that the Board of Directors approved the Reverse Stock Split.  The Reverse Stock Split was effected as of 12:01 a.m., New York City time, on March 9, 2023 (the “Effective Time”). Accordingly, at the Effective Time, every four issued and outstanding shares of the Company’s common stock were converted into one share of the Company’s common stock, with a proportionate reduction in the Company’s authorized shares of common stock, outstanding equity awards and number of shares remaining available for issuance under the 2017 Plan. In connection with the reverse stock