Financing ·
Adamas Trust, Inc. entered into an equity distribution agreement with JonesTrading Institutional Services LLC, BTIG…
ADAMAdamas Trust, Inc.
Adamas Trust, Inc. entered into an equity distribution agreement with JonesTrading Institutional Services LLC, BTIG, LLC, and B. Riley Securities, Inc. to facilitate an at-the-market (ATM) offering of common stock with a maximum aggregate offering price of up to $250,000,000. The company expects to use the net proceeds for general corporate purposes, including the acquisition of mortgage, residential housing, and credit-related assets. Adamas Trust, Inc. operates in the mortgage and credit-related asset management industry.