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 intent acquisition business, and Pagaya Systems Ltd. (“Pagaya”) nowadays announced that EJFA’s shareholders voted to approve the proposed company combination (the “Small business Combination”) with Pagaya, a world wide engineering enterprise constructing synthetic intelligence infrastructure for the economical ecosystem, at a special assembly of its shareholders (“Special Meeting”) held now, June 17, 2022. Pagaya’s shareholders also accredited the Business Mix at an extraordinary common conference of its shareholders held on June 16, 2022.
The closing of the Business enterprise Blend is predicted to manifest on or about June 22, 2022. As formerly declared, adhering to the closing, the publicly mentioned enterprise will be named Pagaya Technologies Ltd. and its Course A regular shares and community warrants are predicted to start out investing on the Nasdaq inventory market under the symbols “PGY” and “PGYWW”, respectively.
A Sort 8-K disclosing the whole voting final results will be submitted by EJFA with the Securities and Exchange Fee.
Pagaya is a economical technology organization operating to reshape the lending marketplace by applying equipment mastering, major facts analytics, and refined AI-driven credit rating and assessment engineering. Pagaya was built to deliver a thorough resolution to help the credit business to produce their consumers a favourable encounter though at the same time enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure network of partners to provide a quality shopper consumer expertise and increased entry to credit history.
For additional information on Pagaya’s technological innovation, expert services, and careers, be sure to pay a visit to www.Pagaya.com.
EJF Acquisition Corp. is a blank verify corporation sponsored by EJF Capital LLC and affiliates shaped for the purpose of partnering with a higher-high quality money companies small business. EJFA’s administration group and Board of Administrators are composed of veteran financial support industry executives and founders, like Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Government Officer, and Thomas Mayrhofer, Chief Financial Officer.
For a lot more details on EJF Acquisition Corp. you should pay a visit to www.ejfacquisition.com.
This document involves “forward-hunting statements” within just the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Ahead-wanting statements may well be recognized by the use of phrases these types of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other very similar expressions that predict or show long term gatherings or tendencies or that are not statements of historic issues. These types of ahead-seeking statements involve believed money facts. This sort of ahead-wanting statements with regard to revenues, earnings, effectiveness, tactics, prospective customers and other factors of the enterprises of EJFA, Pagaya or the merged corporation right after completion of the proposed business enterprise blend are dependent on present-day anticipations that are subject to pitfalls and uncertainties. A number of components could result in actual results or results to vary materially from those indicated by these forward-on the lookout statements. These components incorporate, but are not constrained to: (1) the prevalence of any party, improve or other situation that could give increase to the termination of the Settlement and Plan of Merger offering for the small business mix (the “Agreement”) and the proposed small business mix contemplated thus (2) the incapability to comprehensive the transactions contemplated by the Agreement because of to the failure to fulfill the remaining problems to closing in the Arrangement (3) the skill to fulfill Nasdaq’s listing standards next the consummation of the transactions contemplated by the Agreement (4) the hazard that the proposed transaction disrupts current designs and functions of Pagaya as a consequence of the announcement and consummation of the transactions described herein (5) the capability to realize the expected gains of the proposed company combination, which may perhaps be impacted by, between other points, levels of competition, the capacity of the mixed corporation to grow and take care of advancement profitably, retain relationships with shoppers and suppliers and keep its administration and vital workforce (6) expenditures similar to the proposed small business blend (7) changes in applicable laws or laws (8) the possibility that Pagaya may be adversely influenced by other economic, organization, and/or competitive things and (9) other dangers and uncertainties indicated from time to time in other documents filed or to be submitted with the SEC by EJFA or Pagaya. You are cautioned not to position undue reliance on any ahead-seeking statements, which speak only as of the date designed. EJFA and Pagaya undertake no commitment to update or revise the forward-wanting statements, whether as a final result of new information and facts, future events or otherwise, except as may well be required by regulation.
For all Pagaya IR inquiries, make sure you access out to ICR at [email protected]
For all Pagaya media inquiries, be sure to achieve out to Edelman at [email protected].
For all EJFA media inquiries, you should arrive at out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]