EJF Acquisition Corp. Shareholders Approve Proposed Business Combination with Pagaya Technologies Ltd.


Pagaya Technologies Ltd.

Pagaya Technologies Ltd.

NEW YORK and TEL AVIV, Israel and ARLINGTON, Va., June 17, 2022 (World NEWSWIRE) — EJF Acquisition Corp. (“EJFA”) (NASDAQ: EJFAU, EJFA, EJFAW), a publicly traded specific intent acquisition organization, and Pagaya Technologies Ltd. (“Pagaya”) these days introduced that EJFA’s shareholders voted to approve the proposed business enterprise blend (the “Small business Combination”) with Pagaya, a global technological know-how firm constructing artificial intelligence infrastructure for the financial ecosystem, at a special meeting of its shareholders (“Special Meeting”) held currently, June 17, 2022. Pagaya’s shareholders also accepted the Small business Mix at an incredible normal meeting of its shareholders held on June 16, 2022.

The closing of the Company Combination is expected to arise on or about June 22, 2022. As beforehand introduced, next the closing, the publicly listed firm will be named Pagaya Systems Ltd. and its Class A regular shares and community warrants are expected to begin trading on the Nasdaq inventory industry less than the symbols “PGY” and “PGYWW”, respectively.

A Kind 8-K disclosing the full voting results will be submitted by EJFA with the Securities and Trade Commission.

About Pagaya

Pagaya is a monetary engineering enterprise doing work to reshape the lending market by applying machine finding out, huge information analytics, and advanced AI-pushed credit history and evaluation technologies. Pagaya was developed to deliver a comprehensive alternative to permit the credit market to provide their shoppers a optimistic experience even though concurrently enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure community of companions to deliver a quality customer user expertise and higher obtain to credit score.

For a lot more information and facts on Pagaya’s technological innovation, providers, and occupations, remember to check out www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank test business sponsored by EJF Cash LLC and affiliate marketers formed for the reason of partnering with a substantial-quality economic companies company. EJFA’s management staff and Board of Directors are composed of veteran fiscal support sector executives and founders, like Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Executive Officer, and Thomas Mayrhofer, Main Fiscal Officer.

For a lot more info on EJF Acquisition Corp. be sure to take a look at www.ejfacquisition.com.

Ahead-searching Statements

This doc involves “forward-looking statements” inside the that means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Ahead-searching statements might be recognized by the use of terms this sort of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other related expressions that forecast or suggest foreseeable future activities or trends or that are not statements of historic matters. These ahead-wanting statements include things like approximated money data. This kind of forward-seeking statements with respect to revenues, earnings, efficiency, tactics, prospective buyers and other factors of the organizations of EJFA, Pagaya or the combined business after completion of the proposed organization mixture are dependent on present anticipations that are matter to dangers and uncertainties. A amount of components could lead to true effects or results to differ materially from those people indicated by this kind of forward-on the lookout statements. These things involve, but are not constrained to: (1) the event of any party, adjust or other instances that could give rise to the termination of the Settlement and Strategy of Merger giving for the small business blend (the “Agreement”) and the proposed business enterprise blend contemplated thus (2) the lack of ability to comprehensive the transactions contemplated by the Settlement because of to the failure to fulfill the remaining problems to closing in the Arrangement (3) the means to meet up with Nasdaq’s listing requirements subsequent the consummation of the transactions contemplated by the Agreement (4) the danger that the proposed transaction disrupts current options and operations of Pagaya as a final result of the announcement and consummation of the transactions explained herein (5) the means to identify the expected rewards of the proposed enterprise mixture, which may perhaps be impacted by, amongst other matters, opposition, the ability of the combined company to increase and control growth profitably, preserve interactions with prospects and suppliers and retain its management and crucial employees (6) expenses relevant to the proposed small business mixture (7) alterations in relevant regulations or restrictions (8) the likelihood that Pagaya may be adversely afflicted by other economic, enterprise, and/or competitive factors and (9) other risks and uncertainties indicated from time to time in other documents submitted or to be submitted with the SEC by EJFA or Pagaya. You are cautioned not to spot undue reliance upon any ahead-seeking statements, which speak only as of the day designed. EJFA and Pagaya undertake no dedication to update or revise the forward-wanting statements, no matter whether as a consequence of new info, foreseeable future activities or or else, apart from as could be demanded by regulation.


For all Pagaya IR inquiries, make sure you reach out to ICR at [email protected]

For all Pagaya media inquiries, remember to get to out to Edelman at [email protected].

For all EJFA media inquiries, you should reach out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]


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