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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 unique function acquisition corporation, and Pagaya Technologies Ltd. (“Pagaya”) today declared that EJFA’s shareholders voted to approve the proposed business enterprise mixture (the “Organization Blend”) with Pagaya, a international know-how organization creating synthetic intelligence infrastructure for the money ecosystem, at a unique assembly of its shareholders (“Special Meeting”) held these days, June 17, 2022. Pagaya’s shareholders also accepted the Business enterprise Mixture at an extraordinary common meeting of its shareholders held on June 16, 2022.
The closing of the Organization Blend is anticipated to take place on or about June 22, 2022. As earlier announced, pursuing the closing, the publicly outlined company will be named Pagaya Technologies Ltd. and its Class A standard shares and public warrants are envisioned to get started trading on the Nasdaq inventory market place below the symbols “PGY” and “PGYWW”, respectively.
A Type 8-K disclosing the full voting benefits will be filed by EJFA with the Securities and Exchange Fee.
About Pagaya
Pagaya is a financial technology company operating to reshape the lending market by making use of machine finding out, significant information analytics, and innovative AI-driven credit and evaluation engineering. Pagaya was constructed to provide a in depth option to help the credit rating business to provide their customers a favourable encounter whilst at the same time improving the broader credit history ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure network of partners to provide a high quality consumer person expertise and larger entry to credit rating.
For much more info on Pagaya’s technological innovation, providers, and professions, make sure you go to www.Pagaya.com.
About EJFA
EJF Acquisition Corp. is a blank check out business sponsored by EJF Funds LLC and affiliates formed for the function of partnering with a high-high-quality economic solutions organization. EJFA’s management group and Board of Administrators are composed of veteran monetary company sector executives and founders, which includes Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Govt Officer, and Thomas Mayrhofer, Chief Monetary Officer.
For extra data on EJF Acquisition Corp. make sure you pay a visit to www.ejfacquisition.com.
Forward-looking Statements
This document involves “forward-seeking statements” inside of the this means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-hunting statements may well be recognized by the use of words this kind of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that forecast or suggest long run situations or tendencies or that are not statements of historical issues. These kinds of ahead-searching statements consist of approximated money info. This sort of ahead-hunting statements with respect to revenues, earnings, effectiveness, strategies, potential customers and other elements of the corporations of EJFA, Pagaya or the mixed corporation just after completion of the proposed business mix are primarily based on latest expectations that are matter to pitfalls and uncertainties. A variety of variables could induce true results or outcomes to differ materially from people indicated by these forward-on the lookout statements. These factors contain, but are not confined to: (1) the occurrence of any party, adjust or other instances that could give rise to the termination of the Arrangement and Approach of Merger furnishing for the enterprise mixture (the “Agreement”) and the proposed business enterprise mixture contemplated thus (2) the lack of ability to comprehensive the transactions contemplated by the Arrangement owing to the failure to satisfy the remaining conditions to closing in the Settlement (3) the capability to fulfill Nasdaq’s listing expectations subsequent the consummation of the transactions contemplated by the Settlement (4) the chance that the proposed transaction disrupts present-day programs and operations of Pagaya as a end result of the announcement and consummation of the transactions explained herein (5) the means to recognize the expected positive aspects of the proposed business blend, which might be afflicted by, among the other things, opposition, the skill of the blended company to expand and take care of progress profitably, preserve relationships with consumers and suppliers and keep its administration and critical staff members (6) fees relevant to the proposed business blend (7) adjustments in relevant laws or regulations (8) the risk that Pagaya could be adversely affected by other economic, business, and/or aggressive elements and (9) other hazards and uncertainties indicated from time to time in other documents submitted or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to spot undue reliance on any forward-seeking statements, which communicate only as of the date designed. EJFA and Pagaya undertake no commitment to update or revise the ahead-on the lookout statements, whether as a result of new info, potential occasions or or else, except as might be required by law.
Contacts
For all Pagaya IR inquiries, remember to arrive at out to ICR at PagayaIR@icrinc.com
For all Pagaya media inquiries, remember to arrive at out to Edelman at Pagaya@edelman.com.
For all EJFA media inquiries, be sure to achieve out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or pagaya@gasthalter.com
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