NEW YORK and TEL AVIV, Israel and ARLINGTON, Va., June 17, 2022 (Globe NEWSWIRE) — EJF Acquisition Corp. (“EJFA”) (NASDAQ: EJFAU, EJFA, EJFAW), a publicly traded distinctive intent acquisition firm, and Pagaya Technologies Ltd. (“Pagaya”) right now announced that EJFA’s shareholders voted to approve the proposed business mixture (the “Organization Blend”) with Pagaya, a worldwide technological innovation enterprise developing artificial intelligence infrastructure for the monetary ecosystem, at a specific meeting of its shareholders (“Special Meeting”) held now, June 17, 2022. Pagaya’s shareholders also authorised the Company Combination at an remarkable general assembly of its shareholders held on June 16, 2022.
The closing of the Business enterprise Mixture is anticipated to come about on or about June 22, 2022. As earlier introduced, adhering to the closing, the publicly outlined organization will be named Pagaya Technologies Ltd. and its Class A ordinary shares and community warrants are predicted to start off trading on the Nasdaq stock current market beneath the symbols “PGY” and “PGYWW”, respectively.
A Sort 8-K disclosing the comprehensive voting effects will be submitted by EJFA with the Securities and Exchange Commission.
Pagaya is a economic technologies organization doing the job to reshape the lending marketplace by working with machine discovering, massive info analytics, and subtle AI-driven credit history and examination know-how. Pagaya was designed to supply a complete solution to enable the credit rating business to supply their shoppers a favourable expertise whilst at the same time enhancing the broader credit rating ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure network of partners to supply a high quality shopper consumer encounter and increased obtain to credit rating.
For much more information and facts on Pagaya’s know-how, solutions, and careers, remember to visit www.Pagaya.com.
EJF Acquisition Corp. is a blank check out enterprise sponsored by EJF Money LLC and affiliate marketers formed for the function of partnering with a significant-high-quality money expert services enterprise. EJFA’s management team and Board of Directors are composed of veteran economical support sector executives and founders, including Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Govt Officer, and Thomas Mayrhofer, Chief Monetary Officer.
For much more information on EJF Acquisition Corp. please check out www.ejfacquisition.com.
This document includes “forward-searching statements” within just the that means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-hunting statements may be determined by the use of phrases such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other related expressions that predict or reveal upcoming situations or traits or that are not statements of historic issues. These types of ahead-looking statements include estimated financial facts. This sort of ahead-wanting statements with regard to revenues, earnings, functionality, techniques, prospective clients and other facets of the companies of EJFA, Pagaya or the put together business immediately after completion of the proposed enterprise mixture are centered on latest expectations that are subject to threats and uncertainties. A range of components could cause precise effects or outcomes to differ materially from those people indicated by these kinds of ahead-seeking statements. These components involve, but are not confined to: (1) the occurrence of any function, change or other situations that could give rise to the termination of the Settlement and Plan of Merger offering for the business enterprise mixture (the “Agreement”) and the proposed enterprise blend contemplated thereby (2) the lack of ability to full the transactions contemplated by the Settlement owing to the failure to satisfy the remaining disorders to closing in the Agreement (3) the ability to fulfill Nasdaq’s listing requirements pursuing the consummation of the transactions contemplated by the Agreement (4) the risk that the proposed transaction disrupts recent plans and functions of Pagaya as a consequence of the announcement and consummation of the transactions described herein (5) the capacity to recognize the expected rewards of the proposed enterprise mix, which may perhaps be impacted by, amid other things, opposition, the skill of the blended company to develop and take care of progress profitably, retain associations with buyers and suppliers and retain its administration and crucial staff (6) fees relevant to the proposed company mixture (7) modifications in applicable regulations or rules (8) the chance that Pagaya might be adversely influenced by other financial, company, and/or aggressive things and (9) other pitfalls and uncertainties indicated from time to time in other paperwork filed or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to position undue reliance upon any ahead-seeking statements, which communicate only as of the date manufactured. EJFA and Pagaya undertake no dedication to update or revise the forward-wanting statements, whether or not as a consequence of new information, upcoming functions or normally, other than as may perhaps be essential by law.
For all Pagaya IR inquiries, please achieve out to ICR at [email protected]
For all Pagaya media inquiries, you should get to out to Edelman at [email protected].
For all EJFA media inquiries, please achieve out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]