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Home Deal Announcements

Pagaya Completes Business Combination with EJF Acquisition

byIan Koplin
June 24, 2022
in Deal Announcements

Pagaya Technologies, a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, completed its business combination with EJF Acquisition (EJFA), a special purpose acquisition company, which was approved by Pagaya shareholders on June 16 and by EJFA’s shareholders on June 17. The publicly listed company is now Pagaya Technologies and its Class A ordinary shares and public warrants will begin trading on the Nasdaq stock market beginning on June 23 under the ticker symbols “PGY” and “PGYWW,” respectively.

“Six years ago, we embarked on a mission to become the leading network powering financial possibilities for our partners and their customers,” Gal Krubiner, CEO of Pagaya, said. “Since then, we have achieved significant volume and scale, thanks to the support of our dedicated employees, partners and investors, leading us to this exciting moment in our company’s history. We believe being a public company better positions us to continue becoming the trusted A.I. partner for the banking ecosystem, helping to expand the availability of life-changing financial products to more people.”

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