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 exclusive function acquisition corporation, and Pagaya Systems Ltd. (“Pagaya”) right now declared that EJFA’s shareholders voted to approve the proposed organization combination (the “Business enterprise Mix”) with Pagaya, a global engineering corporation constructing artificial intelligence infrastructure for the economical ecosystem, at a specific meeting of its shareholders (“Special Meeting”) held right now, June 17, 2022. Pagaya’s shareholders also accepted the Small business Mixture at an incredible normal conference of its shareholders held on June 16, 2022.
The closing of the Company Mixture is predicted to occur on or about June 22, 2022. As formerly introduced, pursuing the closing, the publicly stated business will be named Pagaya Technologies Ltd. and its Class A everyday shares and general public warrants are anticipated to commence buying and selling on the Nasdaq stock marketplace underneath the symbols “PGY” and “PGYWW”, respectively.
A Variety 8-K disclosing the full voting results will be submitted by EJFA with the Securities and Trade Fee.
Pagaya is a economic technological know-how enterprise working to reshape the lending marketplace by employing equipment learning, big details analytics, and subtle AI-pushed credit history and analysis know-how. Pagaya was crafted to offer a thorough answer to enable the credit score market to deliver their shoppers a beneficial knowledge while at the same time maximizing the broader credit score ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure network of associates to produce a quality consumer consumer expertise and better access to credit.
For much more information and facts on Pagaya’s technologies, providers, and occupations, be sure to take a look at www.Pagaya.com.
EJF Acquisition Corp. is a blank check enterprise sponsored by EJF Cash LLC and affiliate marketers fashioned for the goal of partnering with a significant-high quality monetary services organization. EJFA’s management crew and Board of Directors are composed of veteran financial company market executives and founders, like Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Govt Officer, and Thomas Mayrhofer, Main Fiscal Officer.
For a lot more information and facts on EJF Acquisition Corp. remember to check out www.ejfacquisition.com.
This doc incorporates “forward-searching statements” inside of the indicating of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Forward-on the lookout statements may well be identified by the use of words this sort of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other identical expressions that predict or suggest long run activities or developments or that are not statements of historic issues. This kind of ahead-wanting statements contain approximated monetary data. These forward-seeking statements with regard to revenues, earnings, functionality, techniques, potential customers and other aspects of the enterprises of EJFA, Pagaya or the merged company just after completion of the proposed business enterprise blend are centered on latest anticipations that are subject matter to risks and uncertainties. A amount of elements could result in actual results or outcomes to vary materially from all those indicated by this sort of forward-searching statements. These things consist of, but are not constrained to: (1) the prevalence of any function, improve or other circumstances that could give rise to the termination of the Agreement and System of Merger offering for the business enterprise mixture (the “Agreement”) and the proposed enterprise mixture contemplated thereby (2) the incapability to full the transactions contemplated by the Settlement owing to the failure to fulfill the remaining situations to closing in the Arrangement (3) the potential to satisfy Nasdaq’s listing criteria next the consummation of the transactions contemplated by the Settlement (4) the risk that the proposed transaction disrupts existing strategies and functions of Pagaya as a outcome of the announcement and consummation of the transactions described herein (5) the capacity to recognize the predicted rewards of the proposed business enterprise combination, which may possibly be affected by, among the other matters, competitiveness, the potential of the put together business to improve and control expansion profitably, manage associations with shoppers and suppliers and retain its administration and critical workers (6) expenses related to the proposed enterprise mixture (7) alterations in applicable legal guidelines or rules (8) the possibility that Pagaya may be adversely affected by other financial, company, and/or competitive aspects and (9) other hazards and uncertainties indicated from time to time in other files filed or to be submitted with the SEC by EJFA or Pagaya. You are cautioned not to spot undue reliance upon any ahead-seeking statements, which speak only as of the day created. EJFA and Pagaya undertake no motivation to update or revise the ahead-hunting statements, whether as a outcome of new info, future gatherings or usually, except as could be required by law.
For all Pagaya IR inquiries, make sure you attain out to ICR at [email protected]
For all Pagaya media inquiries, remember to achieve out to Edelman at [email protected].
For all EJFA media inquiries, you should achieve out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]