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


Pagaya Technologies Ltd.

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 particular objective acquisition company, and Pagaya Technologies Ltd. (“Pagaya”) right now declared that EJFA’s shareholders voted to approve the proposed organization blend (the “Business enterprise Combination”) with Pagaya, a world technological innovation corporation building artificial intelligence infrastructure for the economical ecosystem, at a exclusive conference of its shareholders (“Special Meeting”) held right now, June 17, 2022. Pagaya’s shareholders also approved the Small business Mixture at an remarkable normal meeting of its shareholders held on June 16, 2022.

The closing of the Small business Mix is anticipated to come about on or about June 22, 2022. As beforehand declared, following the closing, the publicly listed company will be named Pagaya Technologies Ltd. and its Course A ordinary shares and public warrants are anticipated to begin buying and selling on the Nasdaq stock current market less than the symbols “PGY” and “PGYWW”, respectively.

A Variety 8-K disclosing the full voting outcomes will be filed by EJFA with the Securities and Exchange Commission.

About Pagaya

Pagaya is a money engineering enterprise performing to reshape the lending marketplace by making use of machine discovering, significant facts analytics, and innovative AI-driven credit and examination technology. Pagaya was created to offer a in depth remedy to help the credit market to supply their consumers a positive practical experience even though at the same time boosting the broader credit ecosystem. Its proprietary API seamlessly integrates into its following-gen infrastructure network of partners to produce a high quality client consumer encounter and increased entry to credit rating.

For additional information on Pagaya’s technological innovation, expert services, and careers, you should take a look at www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank look at organization sponsored by EJF Money LLC and affiliate marketers fashioned for the goal of partnering with a higher-top quality economical products and services enterprise. EJFA’s management staff and Board of Directors are composed of veteran fiscal service business executives and founders, including Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Executive Officer, and Thomas Mayrhofer, Main Financial Officer.

For much more facts on EJF Acquisition Corp. make sure you pay a visit to www.ejfacquisition.com.

Ahead-searching Statements

This doc features “forward-seeking statements” within just the this means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-looking statements may possibly be discovered by the use of terms these types of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other equivalent expressions that forecast or point out upcoming gatherings or traits or that are not statements of historic matters. This sort of forward-on the lookout statements incorporate approximated monetary info. This sort of forward-seeking statements with regard to revenues, earnings, efficiency, techniques, prospects and other facets of the companies of EJFA, Pagaya or the put together business right after completion of the proposed business enterprise mixture are primarily based on present-day expectations that are issue to risks and uncertainties. A range of aspects could trigger real outcomes or results to differ materially from individuals indicated by this kind of ahead-on the lookout statements. These things contain, but are not restricted to: (1) the event of any celebration, improve or other situations that could give increase to the termination of the Agreement and Program of Merger delivering for the enterprise combination (the “Agreement”) and the proposed organization mix contemplated thereby (2) the incapacity to entire the transactions contemplated by the Settlement owing to the failure to fulfill the remaining situations to closing in the Settlement (3) the capability to meet Nasdaq’s listing expectations following the consummation of the transactions contemplated by the Agreement (4) the hazard that the proposed transaction disrupts present designs and functions of Pagaya as a final result of the announcement and consummation of the transactions described herein (5) the potential to realize the predicted advantages of the proposed enterprise combination, which could be affected by, amid other items, opposition, the skill of the put together business to improve and handle development profitably, maintain relationships with consumers and suppliers and retain its administration and critical workforce (6) expenditures associated to the proposed small business blend (7) changes in applicable legislation or restrictions (8) the probability that Pagaya may possibly be adversely afflicted by other economic, company, and/or aggressive variables and (9) other threats and uncertainties indicated from time to time in other documents submitted or to be submitted with the SEC by EJFA or Pagaya. You are cautioned not to position undue reliance on any ahead-looking statements, which communicate only as of the day manufactured. EJFA and Pagaya undertake no motivation to update or revise the forward-searching statements, whether as a result of new information, potential functions or if not, other than as may possibly be essential by legislation.

Contacts

For all Pagaya IR inquiries, make sure you attain out to ICR at [email protected]

For all Pagaya media inquiries, be sure to arrive at out to Edelman at [email protected].

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



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