ADAM 424B5: Secondary offering

Filed with the SEC on · accession 0001104659-26-093800

ADAM filed a 424B5 (prospectus (offering)) with the SEC on Aug 11, 2026. Adamas Trust, Inc. is offering senior notes due 2031 in a public offering. The stock moved +4.5% by the first close after the filing.

Summary of the filing

Adamas Trust, Inc. is offering senior notes due 2031 in a public offering. The notes will bear interest at a rate to be determined, mature on October 1, 2031, and are expected to be listed on Nasdaq under the symbol ADAMK.

Key details

Aggregate principal amount of notes offered$0
Interest rate$0
IssuerAdamas Trust, Inc.
Joint book-running managerMorgan Stanley
Joint book-running managerKeefe, Bruyette & Woods
Joint book-running managerPiper Sandler
Joint book-running managerRBC Capital Markets
Joint book-running managerUBS Investment Bank
Joint book-running managerWells Fargo Securities

How ADAM stock reacted

Close before

$9.79

Aug 10, 2026

First close after

+4.49%

$10.23

5 trading days

+3.37%

$10.12

Since filing

-41.88%

$5.69

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Frequently asked questions

What did ADAM file with the SEC on Aug 11, 2026?

ADAM filed a 424B5 (Secondary offering). Adamas Trust, Inc. is offering senior notes due 2031 in a public offering. The notes will bear interest at a rate to be determined, mature on October 1, 2031, and are expected to be listed on Nasdaq under the symbol ADAMK.

What does a secondary offering mean for ADAM stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did ADAM stock react to this filing?

ADAM closed at $9.79 before the filing and $10.23 on Aug 11, 2026 (+4.49%). Five trading days later: $10.12 (+3.37%).

Other ADAM SEC filings

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