On August 14, 2026, Adamas Trust, Inc. completed the issuance and sale of $90 million aggregate principal amount of its 9.600% Senior Notes due 2031 in a public offering. The notes bear interest payable quarterly in arrears on January 1, April 1, July 1, and October 1, beginning October 1, 2026, with maturity on October 1, 2031. Net proceeds are expected to be approximately $86.6 million after deducting underwriting discounts and offering expenses. The company intends to use the net proceeds for general corporate purposes, which may include acquiring targeted assets or repaying existing indebtedness. Adamas Trust, Inc. operates in the real estate investment trust (REIT) industry, specifically focusing on mortgage REITs.