SEC Filing Summary: New York Mortgage Trust, Inc.
Business Context and Reporting Period
This Form 8-K was filed by New York Mortgage Trust, Inc. on March 12, 2018. The report addresses "Other Events" related to the Company's capital raising activities. Note: While the request metadata references "ADAMAS TRUST, INC.", the filing text explicitly identifies the registrant as "New York Mortgage Trust, Inc."
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report is a current event disclosure and does not contain financial statements or performance metrics.
Material Changes
The primary event reported is the filing of a new prospectus supplement with the SEC on March 12, 2018. This action updates the Company's existing at-the-market equity offering program, allowing for the issuance and sale of common stock (par value $0.01 per share). This filing follows a post-effective amendment no. 1 to the Company's registration statement on Form S-3ASR filed on February 26, 2018.
Guidance, Outlook, and Risks
The filing includes standard legal disclaimers stating that the report does not constitute an offer to sell or a solicitation of an offer to buy securities. It notes that no sale of securities will occur in any jurisdiction where such an offer would be unlawful prior to registration. The filing includes legal opinions regarding the validity of the offered shares and tax matters.
Key Facts for Investor Verification
- Verify the status of the at-the-market equity offering program and any shares sold under the new prospectus supplement.
- Confirm the details of the post-effective amendment no. 1 to Form S-3ASR (File No. 333-213316) filed on February 26, 2018.
- Review the legal opinions filed as Exhibit 5.1 (Venable LLP) and Exhibit 8.1 (Vinson & Elkins L.L.P.) for any specific conditions or limitations on the offering.
- Check subsequent filings for actual share issuances and proceeds generated under this program.