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


Pagaya Systems 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 goal acquisition organization, and Pagaya Systems Ltd. (“Pagaya”) now announced that EJFA’s shareholders voted to approve the proposed business enterprise mix (the “Company Blend”) with Pagaya, a world technologies organization making synthetic intelligence infrastructure for the fiscal ecosystem, at a unique conference of its shareholders (“Special Meeting”) held today, June 17, 2022. Pagaya’s shareholders also authorized the Business Combination at an remarkable basic conference of its shareholders held on June 16, 2022.

The closing of the Business enterprise Mix is anticipated to take place on or about June 22, 2022. As earlier declared, subsequent the closing, the publicly mentioned business will be named Pagaya Systems Ltd. and its Class A normal shares and public warrants are anticipated to get started trading on the Nasdaq inventory current market below the symbols “PGY” and “PGYWW”, respectively.

A Type 8-K disclosing the full voting success will be filed by EJFA with the Securities and Trade Commission.

About Pagaya

Pagaya is a monetary technological innovation firm performing to reshape the lending market by making use of device studying, big details analytics, and sophisticated AI-pushed credit score and assessment technological know-how. Pagaya was designed to provide a detailed solution to enable the credit business to provide their clients a favourable expertise though simultaneously enhancing the broader credit history ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of associates to supply a premium buyer person expertise and greater obtain to credit.

For far more information and facts on Pagaya’s engineering, services, and careers, you should take a look at www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank test organization sponsored by EJF Money LLC and affiliates formed for the intent of partnering with a higher-good quality financial expert services enterprise. EJFA’s administration crew and Board of Administrators are composed of veteran money assistance sector executives and founders, which includes Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Govt Officer, and Thomas Mayrhofer, Chief Economical Officer.

For far more facts on EJF Acquisition Corp. you should stop by www.ejfacquisition.com.

Forward-seeking Statements

This document incorporates “forward-searching statements” within the that means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-searching statements may possibly be determined by the use of text this kind of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other identical expressions that forecast or show upcoming occasions or traits or that are not statements of historical matters. Such ahead-on the lookout statements consist of believed economical details. This sort of forward-hunting statements with respect to revenues, earnings, overall performance, tactics, prospective clients and other facets of the companies of EJFA, Pagaya or the mixed organization right after completion of the proposed business enterprise blend are primarily based on existing anticipations that are matter to risks and uncertainties. A range of things could trigger genuine benefits or results to vary materially from these indicated by these types of forward-on the lookout statements. These variables include things like, but are not limited to: (1) the event of any occasion, change or other conditions that could give increase to the termination of the Settlement and Prepare of Merger delivering for the organization combination (the “Agreement”) and the proposed company combination contemplated thereby (2) the lack of ability to entire the transactions contemplated by the Settlement due to the failure to satisfy the remaining situations to closing in the Settlement (3) the potential to meet up with Nasdaq’s listing requirements adhering to the consummation of the transactions contemplated by the Settlement (4) the threat that the proposed transaction disrupts recent plans and functions of Pagaya as a result of the announcement and consummation of the transactions described herein (5) the capacity to figure out the predicted advantages of the proposed business blend, which may possibly be influenced by, among other points, levels of competition, the capacity of the mixed company to grow and handle expansion profitably, retain interactions with customers and suppliers and keep its administration and essential staff members (6) expenditures linked to the proposed business enterprise mixture (7) changes in applicable rules or rules (8) the probability that Pagaya could be adversely impacted by other economic, organization, and/or competitive things and (9) other hazards and uncertainties indicated from time to time in other paperwork submitted or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to put undue reliance upon any ahead-on the lookout statements, which converse only as of the day manufactured. EJFA and Pagaya undertake no motivation to update or revise the ahead-seeking statements, irrespective of whether as a result of new information and facts, foreseeable future events or in any other case, besides as might be necessary by legislation.

Contacts

For all Pagaya IR inquiries, remember to arrive at out to ICR at [email protected]

For all Pagaya media inquiries, make sure you access out to Edelman at [email protected].

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



Resource link