Corporate ActionJun 12, 2026, 08:21 AM
Adamas Trust to Offer Up to $250M in Common Stock via ATM Program
AI Summary
Adamas Trust, Inc. has entered into an equity distribution agreement to establish an at-the-market (ATM) common stock offering program. This program allows the company to sell up to $250,000,000 worth of its common stock through sales agents. The net proceeds from these sales are intended for general corporate purposes, including the acquisition of mortgage-, residential housing-, and credit-related assets, as well as for general working capital.
Key Highlights
- Adamas Trust entered into an equity distribution agreement for an at-the-market (ATM) common stock offering.
- The company may offer and sell common stock with a maximum aggregate offering price of up to $250,000,000.
- JonesTrading Institutional Services LLC, BTIG, LLC, and B. Riley Securities, Inc. will serve as sales agents.
- Agents will receive compensation of up to 2.0% of the gross proceeds from sales.
- Net proceeds are expected to be used for general corporate purposes, including acquiring targeted assets and working capital.
Price Impact
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