(Note: The stock of Adamas One Corp. (JEWL) is expected to start trading Friday, Dec. 9, 2022, on the NASDAQ. Adamas One Corp. priced its downsized IPO on Tuesday night, Dec. 6, 2022, at $4.50 – the low end of its $4.50-to-$5.00 price range – on 2.45 million shares offered by the company – down from 3.15 million shares in the prospectus – to raise $11.03 million. Selling stockholders sold 4.46 million shares (4,461,495 shares) at $4.50 to raise $20.08 million. Adamas One did NOT receive any proceeds from the sale of the selling stockholders’ shares. Although the IPO was priced on Dec. 6, 2022, the stock did NOT trade on Dec. 7, 2022, as expected, on the NASDAQ.) 

We use our proprietary technology (our Diamond Technology) to produce high quality single crystal diamonds, also known as synthetic diamonds, and diamond materials through a CVD (chemical vapor deposition) process.

*Note: Revenue and net loss figures are for the nine months that ended June 30, 2022.

(Note: Adamas One increased its IPO again – to a total of 7.17 million shares (7,165,904 shares) from 5.37 million shares (5,374,612 shares) – in an S-1/A filing dated Nov. 9, 2022. The price range remains at $4.50 to $5.00. Under the new terms, the company is still offering the same number of shares – 3.15 million shares – while the selling stockholders will now be offering 4.02 million shares (4,015,904 shares). Total proceeds are now $34.06 million, but the company’s proceeds will be only $14.96 million. The company filed its S-1 on June 1, 2022.)

(*Note: The company will NOT receive any proceeds from the sale of the selling stockholders’ shares.)