NEW YORK & TEL AVIV, Israel, February 10, 2022–(Small business WIRE)–Pagaya Systems Ltd. (“Pagaya”), a B2B2C money technologies business enabling its fiscal solutions partners to provide far more clients by its synthetic intelligence lover network, nowadays declared that Gal Krubiner, Co-Founder and CEO, will be taking part in the Credit rating Suisse 23rd Once-a-year Economic Expert services Forum. The fireplace chat will choose position on February 17, 2022 and start at 11:20 am ET. It will be out there by means of dwell webcast and archived replay on Pagaya’s investor relations web page at https://pagaya.com/investor-relations.
Pagaya and EJF Acquisition Corp. (NASDAQ: EJFAU, EJFA, EJFAW) announced in September 2021 that they have entered into a definitive company mixture arrangement, which values the blended business at an estimated business value of close to $8.5 billion at closing.
Latest 2022 Information
Earlier this 7 days, Pagaya declared a partnership with Ally Fiscal to increase entry to a bigger number of Ally’s credit history card customers
On January 25th, Pagaya declared a strategic connection with Visa to permit Visa’s expansive network of merchant associates and issuing co-model fiscal institutions to leverage Pagaya’s technological know-how to increase customers’ entry to monetary merchandise
On January 11th, Pagaya announced an upsized $350 million PIPE with a leading team of investors dependent on the initial PIPE phrases and business worth for the proposed small business blend with EJF Acquisition Corp.
Pagaya is a economic know-how firm working to reshape the lending market by using machine finding out, big data analytics, and refined AI-driven credit history and investigation engineering. Pagaya was developed to supply a complete option to allow the credit sector to produce their buyers a favourable experience while at the same time maximizing the broader credit ecosystem. Its proprietary API seamlessly integrates into its following-gen infrastructure community of companions to supply a high quality buyer consumer experience and bigger access to credit score.
For far more data on Pagaya’s technologies, companies, and careers, make sure you go to www.Pagaya.com.
About EJF Acquisition Corp.
EJF Acquisition Corp. is a blank check out corporation sponsored by EJF Funds LLC and affiliates fashioned for the reason of partnering with a large-top quality financial providers enterprise. EJFA’s administration team and Board of Directors are composed of veteran economic service industry executives and founders, together with Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Govt Officer, and Thomas Mayrhofer, Chief Economic Officer.
Significant Data and Where to Find It
In link with the proposed business enterprise combination involving Pagaya and EJFA, Pagaya intends to file a registration statement on Type F-4 that will consist of a preliminary proxy assertion to be distributed to shareholders of EJFA in link with EJFA’s solicitation of proxies for the vote by its shareholders with respect to the proposed business enterprise blend. Soon after the registration assertion has been submitted and declared powerful by the Securities and Trade Fee (the “SEC”), EJFA will mail a definitive proxy assertion / prospectus to its shareholders as of the file day established for voting on the proposed business blend and the other proposals about the proposed business enterprise blend set forth in the proxy statement. Pagaya or EJFA might also file other documents with the SEC relating to the proposed business enterprise combination. Ahead of creating any financial commitment or voting conclusion, shareholders and other fascinated folks are encouraged to browse, when obtainable, the registration statement and preliminary proxy assertion / prospectus and any amendments thereto, and the definitive proxy statement / prospectus in link with EJFA’s solicitation of proxies for the specific assembly to be held to approve the transactions contemplated by the proposed company mixture for the reason that these products will incorporate crucial information about Pagaya, EJFA and the proposed transaction. Shareholders will also be capable to obtain a duplicate of the preliminary proxy assertion / prospectus and the definitive proxy statement / prospectus after they are out there, without the need of charge, at the SEC’s site at www.sec.gov, or at Pagaya’s web site at www.pagaya.com, or by directing a request to: EJF Acquisition Corp., 2107 Wilson Boulevard, Suite 410, Arlington, Virginia 22201.
Participants in the Solicitation
Pagaya and EJFA and their respective administrators and officers may well be considered individuals in the solicitation of proxies of EJFA’s shareholders in relationship with the proposed business enterprise mixture. EJFA’s shareholders, Pagaya’s shareholders and other interested individuals may perhaps receive, with no charge, extra comprehensive data pertaining to the directors and officers of Pagaya and EJFA at Pagaya’s website at www.pagaya.com, or in EJFA’s registration assertion on Type S-1 filed on February 18, 2021, respectively.
Information relating to the persons who may perhaps, below SEC procedures, be deemed members in the solicitation of proxies to EJFA’s shareholders in link with the proposed transaction will be set forth in the proxy assertion / prospectus for the transaction when available. Further data pertaining to the passions of participants in the solicitation of proxies in link with the proposed transaction will be integrated in the proxy assertion / prospectus submitted with the SEC in link with the proposed enterprise mix.
This document is not a proxy assertion or solicitation or a proxy, consent or authorization with regard to any securities or in regard of the proposed business enterprise combination and shall not constitute an present to provide or trade, or a solicitation of an provide to buy or trade, the securities of Pagaya, EJFA or the combined business, nor shall there be any sale of securities in any jurisdiction in which these provide, solicitation, sale or exchange would be unlawful prior to registration or qualification under the securities rules of any this kind of jurisdiction.
This document involves “forward seeking statements” within just the that means of the “secure harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Ahead-hunting statements may be recognized by the use of phrases these types of as “forecast,” “intend,” “request,” “goal,” “anticipate,” “believe,” “could,” “proceed,” “anticipate,” “estimate,” “could,” “system,” “outlook,” “upcoming” and “project” and other similar expressions that predict or suggest future situations or traits or that are not statements of historical matters. This kind of ahead seeking statements include things like estimated monetary information and facts. This sort of ahead hunting statements with respect to revenues, earnings, performance, approaches, prospects and other facets of the enterprises of EJFA, Pagaya or the merged corporation right after completion of the proposed small business mixture are based on current anticipations that are matter to challenges and uncertainties. A selection of aspects could result in genuine final results or outcomes to differ materially from all those indicated by this kind of ahead on the lookout statements. These things contain, but are not constrained to: (1) the incidence of any celebration, adjust or other situation that could give increase to the termination of the Agreement and Prepare of Merger furnishing for the small business mixture (the “Agreement”) and the proposed organization mixture contemplated therefore (2) the inability to full the transactions contemplated by the Arrangement thanks to the failure to get approval of the shareholders of EJFA or other disorders to closing in the Arrangement (3) the capability to meet up with Nasdaq’s listing expectations following the consummation of the transactions contemplated by the Settlement (4) the danger that the proposed transaction disrupts current ideas and operations of Pagaya as a final result of the announcement and consummation of the transactions described herein (5) the capability to identify the predicted benefits of the proposed organization mix, which may well be impacted by, between other factors, opposition, the capability of the merged firm to expand and take care of progress profitably, retain relationships with customers and suppliers and retain its management and crucial staff members (6) fees associated to the proposed organization blend (7) modifications in applicable rules or laws (8) the likelihood that Pagaya may be adversely afflicted by other financial, organization, and/or aggressive things and (9) other pitfalls and uncertainties indicated from time to time in other documents submitted or to be submitted with the SEC by EJFA. You are cautioned not to spot undue reliance upon any forward-hunting statements, which talk only as of the date created. EJFA and Pagaya undertake no dedication to update or revise the ahead-searching statements, regardless of whether as a result of new info, upcoming situations or usually, other than as might be expected by legislation.
Any money information or projections in this conversation are ahead-seeking statements that are based mostly on assumptions that are inherently matter to important uncertainties and contingencies, a lot of of which are past Pagaya’s and EJFA’s handle. The inclusion of economical info or projections in this communication really should not be regarded as an sign that Pagaya or EJFA, or their respective representatives and advisors, regarded or take into consideration the facts or projections to be a reputable prediction of long run functions.
The economical data bundled in this communication has been taken from or well prepared based mostly on Pagaya’s historic economic statements. Pagaya’s historical economical statements have been audited by Ernst & Young in accordance with normally acknowledged auditing requirements in Israel and geared up in conformity with U.S. Commonly Acknowledged Accounting Principles. Pagaya’s historic monetary statements have not been audited in accordance with the Community Business Accounting Oversight Board (“PCAOB”) requirements or prepared in accordance with Regulation S-X promulgated less than the Securities Act of 1933, as amended. Pagaya are unable to guarantee you that, had the historical fiscal details bundled in this interaction been compliant with Regulation S-X and audited in accordance with PCAOB benchmarks, there would not be discrepancies, and these kinds of variations could be product. An audit of Pagaya’s money statements in accordance with PCAOB criteria is at the moment in system and will be bundled in the proxy assertion/prospectus with respect to the business blend. Accordingly, there might be substance dissimilarities among the presentation of Pagaya’s historic money statements bundled in this communication and in the proxy assertion/prospectus, including with respect to, amid other people, the system of accounting for, off harmony sheet merchandise, timing of income recognition and asset classification.
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