Pagaya Technologies Ltd. (“Pagaya”), a B2B2C financial
technology company enabling its financial services partners to
serve more customers through its artificial intelligence partner
network, today announced that Gal Krubiner, Co-Founder and CEO,
will be participating in the Raymond James 43rd Annual
Institutional Investors Conference. The group presentation will
take place on March 8, 2022, and will begin at 1:40 pm ET. It will
be available via live webcast and archived replay on Pagaya’s
investor relations website 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 business combination agreement, which values the
combined company at an estimated enterprise value of approximately
$8.5 billion at closing.
Recent 2022 News
- On February 9th, Pagaya announced a partnership with Ally
Financial’s credit card business to expand access to a greater
number of Ally’s credit card customers.
- On January 25th, Pagaya announced a strategic relationship with
Visa to enable Visa’s expansive network of merchant partners and
issuing co-brand financial institutions to leverage Pagaya’s
technology to expand customers’ access to financial products.
- On January 11th, Pagaya announced an upsized $350 million PIPE
with a premier group of investors based on the original PIPE terms
and enterprise value for the proposed business combination with EJF
Acquisition Corp.
About Pagaya
Pagaya is a financial technology company working to reshape the
lending marketplace by using machine learning, big data analytics,
and sophisticated AI-driven credit and analysis technology. Pagaya
was built to provide a comprehensive solution to enable the credit
industry to deliver their customers a positive experience while
simultaneously enhancing the broader credit ecosystem. Its
proprietary API seamlessly integrates into its next-gen
infrastructure network of partners to deliver a premium customer
user experience and greater access to credit.
For more information on Pagaya's technology, services, and
careers, please visit www.Pagaya.com.
About EJF Acquisition Corp.
EJF Acquisition Corp. is a blank check company sponsored by EJF
Capital LLC and affiliates formed for the purpose of partnering
with a high-quality financial services business. EJFA’s management
team and Board of Directors are composed of veteran financial
service industry executives and founders, including Manny Friedman,
Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Executive
Officer, and Thomas Mayrhofer, Chief Financial Officer.
Important Information and Where to Find It
In connection with the proposed business combination between
Pagaya and EJFA, Pagaya intends to file a registration statement on
Form F-4 that will include a preliminary proxy statement to be
distributed to shareholders of EJFA in connection with EJFA’s
solicitation of proxies for the vote by its shareholders with
respect to the proposed business combination. After the
registration statement has been filed and declared effective by the
Securities and Exchange Commission (the “SEC”), EJFA will mail a
definitive proxy statement / prospectus to its shareholders as of
the record date established for voting on the proposed business
combination and the other proposals regarding the proposed business
combination set forth in the proxy statement. Pagaya or EJFA may
also file other documents with the SEC regarding the proposed
business combination. Before making any investment or voting
decision, shareholders and other interested persons are advised to
read, when available, the registration statement and preliminary
proxy statement / prospectus and any amendments thereto, and the
definitive proxy statement / prospectus in connection with EJFA’s
solicitation of proxies for the special meeting to be held to
approve the transactions contemplated by the proposed business
combination because these materials will contain important
information about Pagaya, EJFA and the proposed transaction.
Shareholders will also be able to obtain a copy of the preliminary
proxy statement / prospectus and the definitive proxy statement /
prospectus once they are available, without charge, at the SEC’s
website at www.sec.gov, or at Pagaya’s website 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 directors and officers may
be deemed participants in the solicitation of proxies of EJFA’s
shareholders in connection with the proposed business combination.
EJFA’s shareholders, Pagaya’s shareholders and other interested
persons may obtain, without charge, more detailed information
regarding the directors and officers of Pagaya and EJFA at Pagaya’s
website at www.pagaya.com, or in EJFA’s registration statement on
Form S-1 filed on February 18, 2021, respectively.
Information regarding the persons who may, under SEC rules, be
deemed participants in the solicitation of proxies to EJFA’s
shareholders in connection with the proposed transaction will be
set forth in the proxy statement / prospectus for the transaction
when available. Additional information regarding the interests of
participants in the solicitation of proxies in connection with the
proposed transaction will be included in the proxy statement /
prospectus filed with the SEC in connection with the proposed
business combination.
Non-Solicitation
This document is not a proxy statement or solicitation or a
proxy, consent or authorization with respect to any securities or
in respect of the proposed business combination and shall not
constitute an offer to sell or exchange, or a solicitation of an
offer to buy or exchange, the securities of Pagaya, EJFA or the
combined company, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation, sale or exchange
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
This document includes “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
“forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,”
“could,” “continue,” “expect,” “estimate,” “may,” “plan,”
“outlook,” “future” and “project” and other similar expressions
that predict or indicate future events or trends or that are not
statements of historical matters. Such forward looking statements
include estimated financial information. Such forward looking
statements with respect to revenues, earnings, performance,
strategies, prospects and other aspects of the businesses of EJFA,
Pagaya or the combined company after completion of the proposed
business combination are based on current expectations that are
subject to risks and uncertainties. A number of factors could cause
actual results or outcomes to differ materially from those
indicated by such forward looking statements. These factors
include, but are not limited to: (1) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the Agreement and Plan of Merger providing for the
business combination (the “Agreement”) and the proposed business
combination contemplated thereby; (2) the inability to complete the
transactions contemplated by the Agreement due to the failure to
obtain approval of the shareholders of EJFA or other conditions to
closing in the Agreement; (3) the ability to meet Nasdaq’s listing
standards following the consummation of the transactions
contemplated by the Agreement; (4) the risk that the proposed
transaction disrupts current plans and operations of Pagaya as a
result of the announcement and consummation of the transactions
described herein; (5) the ability to recognize the anticipated
benefits of the proposed business combination, which may be
affected by, among other things, competition, the ability of the
combined company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (6) costs related to the proposed
business combination; (7) changes in applicable laws or
regulations; (8) the possibility that Pagaya may be adversely
affected by other economic, business, and/or competitive factors;
and (9) other risks and uncertainties indicated from time to time
in other documents filed or to be filed with the SEC by EJFA. You
are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. EJFA and Pagaya
undertake no commitment to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise, except as may be required by law.
Any financial information or projections in this communication
are forward-looking statements that are based on assumptions that
are inherently subject to significant uncertainties and
contingencies, many of which are beyond Pagaya’s and EJFA’s
control. The inclusion of financial information or projections in
this communication should not be regarded as an indication that
Pagaya or EJFA, or their respective representatives and advisors,
considered or consider the information or projections to be a
reliable prediction of future events.
The financial information included in this communication has
been taken from or prepared based on Pagaya’s historical financial
statements. Pagaya’s historical financial statements have been
audited by Ernst & Young in accordance with generally accepted
auditing standards in Israel and prepared in conformity with U.S.
Generally Accepted Accounting Principles. Pagaya’s historical
financial statements have not been audited in accordance with the
Public Company Accounting Oversight Board (“PCAOB”) standards or
prepared in accordance with Regulation S-X promulgated under the
Securities Act of 1933, as amended. Pagaya cannot assure you that,
had the historical financial information included in this
communication been compliant with Regulation S-X and audited in
accordance with PCAOB standards, there would not be differences,
and such differences could be material. An audit of Pagaya’s
financial statements in accordance with PCAOB standards is
currently in process and will be included in the proxy
statement/prospectus with respect to the business combination.
Accordingly, there may be material differences between the
presentation of Pagaya’s historical financial statements included
in this communication and in the proxy statement/prospectus,
including with respect to, among others, the method of accounting
for, off balance sheet items, timing of revenue recognition and
asset classification.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220304005013/en/
Investor: PagayaIR@icrinc.com
Media: Pagaya@astrskpr.com
EJFA Media: pagaya@gasthalter.com
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