Public Event Detail
Adamas Trust (ADAM) registers $250M ATM program with Nasdaq agents
Public historical observation from the Merrowstone archive. This page shows event-level context only. Accepted assertions, evidence lineage, and relationship intelligence remain part of the premium research layer.
Event summary
Adamas Trust (ADAM) has filed a prospectus supplement to establish an at-the-market (ATM) equity offering program, allowing it to sell up to $250 million of its common stock through agents JonesTrading Institutional Services, BTIG, and B. Riley Securities. The net proceeds are intended for general corporate purposes, including acquiring mortgage-, residential housing-, and credit-related assets and for working capital. The company maintains its REIT qualification through ownership transfer limits and expects to continue to satisfy regulatory requirements.