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 specific goal acquisition business, and Pagaya Systems Ltd. (“Pagaya”) currently announced that EJFA’s shareholders voted to approve the proposed small business mixture (the “Company Combination”) with Pagaya, a international engineering firm constructing synthetic intelligence infrastructure for the monetary ecosystem, at a special assembly of its shareholders (“Special Meeting”) held nowadays, June 17, 2022. Pagaya’s shareholders also authorised the Business Mix at an extraordinary typical conference of its shareholders held on June 16, 2022.
The closing of the Business enterprise Mix is expected to happen on or about June 22, 2022. As previously declared, next the closing, the publicly listed organization will be named Pagaya Technologies Ltd. and its Course A common shares and public warrants are envisioned to start off investing on the Nasdaq inventory 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 Fee.
Pagaya is a economic know-how corporation working to reshape the lending market by utilizing machine mastering, big info analytics, and advanced AI-pushed credit score and investigation engineering. Pagaya was crafted to deliver a extensive remedy to permit the credit rating sector to provide their buyers a constructive working experience while concurrently improving the broader credit score ecosystem. Its proprietary API seamlessly integrates into its upcoming-gen infrastructure community of companions to provide a high quality client consumer expertise and higher accessibility to credit.
For far more information on Pagaya’s technology, expert services, and careers, remember to take a look at www.Pagaya.com.
EJF Acquisition Corp. is a blank check out organization sponsored by EJF Capital LLC and affiliates shaped for the reason of partnering with a significant-quality financial solutions company. EJFA’s administration workforce and Board of Administrators are composed of veteran money assistance marketplace executives and founders, including Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Govt Officer, and Thomas Mayrhofer, Chief Monetary Officer.
For more information on EJF Acquisition Corp. remember to go to www.ejfacquisition.com.
This document contains “forward-hunting statements” within the this means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-searching statements may perhaps be discovered by the use of text these as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other comparable expressions that forecast or indicate long run events or traits or that are not statements of historical matters. These kinds of ahead-on the lookout statements contain estimated money facts. These ahead-seeking statements with regard to revenues, earnings, effectiveness, approaches, prospective clients and other areas of the firms of EJFA, Pagaya or the put together enterprise soon after completion of the proposed small business mix are primarily based on existing anticipations that are issue to pitfalls and uncertainties. A quantity of factors could trigger genuine results or results to differ materially from people indicated by these kinds of forward-looking statements. These things incorporate, but are not confined to: (1) the prevalence of any event, improve or other situation that could give rise to the termination of the Settlement and Program of Merger furnishing for the small business mixture (the “Agreement”) and the proposed company combination contemplated therefore (2) the inability to total the transactions contemplated by the Agreement thanks to the failure to satisfy the remaining problems to closing in the Settlement (3) the capability to meet Nasdaq’s listing benchmarks subsequent the consummation of the transactions contemplated by the Settlement (4) the possibility that the proposed transaction disrupts existing programs and functions of Pagaya as a final result of the announcement and consummation of the transactions explained herein (5) the potential to recognize the anticipated gains of the proposed business blend, which might be afflicted by, among other issues, competitors, the means of the combined corporation to increase and manage progress profitably, manage interactions with shoppers and suppliers and retain its administration and key workers (6) prices associated to the proposed business blend (7) alterations in applicable guidelines or rules (8) the risk that Pagaya may perhaps be adversely influenced by other economic, enterprise, and/or competitive components 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 location undue reliance on any ahead-looking statements, which talk only as of the date made. EJFA and Pagaya undertake no dedication to update or revise the ahead-hunting statements, regardless of whether as a outcome of new information, foreseeable future events or normally, other than as may well be needed by regulation.
For all Pagaya IR inquiries, please arrive at out to ICR at [email protected]
For all Pagaya media inquiries, remember to arrive at out to Edelman at [email protected].
For all EJFA media inquiries, be sure to achieve out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]