On August 11, 2026, Adamas Trust, Inc. entered into an underwriting agreement to sell $90 million aggregate principal amount of its 9.600% Senior Notes due 2031. The company granted the underwriters a 30-day option to purchase up to an additional $13.5 million in notes to cover over-allotments. The offering is expected to close on August 14, 2026, subject to customary conditions. Adamas Trust, Inc. operates as a real estate investment trust that invests in and manages commercial real estate assets.