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 special intent acquisition corporation, and Pagaya Systems Ltd. (“Pagaya”) currently introduced that EJFA’s shareholders voted to approve the proposed organization combination (the “Organization Mixture”) with Pagaya, a international technology firm building artificial intelligence infrastructure for the financial ecosystem, at a particular conference of its shareholders (“Special Meeting”) held today, June 17, 2022. Pagaya’s shareholders also authorized the Enterprise Combination at an remarkable basic meeting of its shareholders held on June 16, 2022.
The closing of the Organization Mixture is predicted to happen on or about June 22, 2022. As formerly introduced, following the closing, the publicly outlined organization will be named Pagaya Systems Ltd. and its Class A common shares and community warrants are predicted to start out investing on the Nasdaq stock industry below the symbols “PGY” and “PGYWW”, respectively.
A Form 8-K disclosing the total voting final results will be submitted by EJFA with the Securities and Trade Commission.
Pagaya is a fiscal technological know-how firm working to reshape the lending marketplace by utilizing device mastering, massive details analytics, and advanced AI-pushed credit and investigation technologies. Pagaya was developed to give a in depth remedy to help the credit rating industry to deliver their prospects a constructive experience though at the same time improving the broader credit rating ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure community of companions to supply a quality purchaser person encounter and bigger access to credit rating.
For much more information on Pagaya’s know-how, products and services, and professions, be sure to visit www.Pagaya.com.
EJF Acquisition Corp. is a blank look at organization sponsored by EJF Funds LLC and affiliate marketers shaped for the function of partnering with a superior-quality financial expert services business enterprise. EJFA’s management staff and Board of Directors are composed of veteran financial provider field executives and founders, which include Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Govt Officer, and Thomas Mayrhofer, Main Money Officer.
For far more information and facts on EJF Acquisition Corp. be sure to pay a visit to www.ejfacquisition.com.
Forward-on the lookout Statements
This doc involves “forward-wanting statements” within the which means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-searching statements might be determined by the use of words and phrases these types of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict or show long term events or developments or that are not statements of historic matters. This sort of ahead-on the lookout statements include things like estimated money info. Such ahead-seeking statements with regard to revenues, earnings, functionality, strategies, prospective buyers and other areas of the firms of EJFA, Pagaya or the combined firm soon after completion of the proposed business mixture are primarily based on recent expectations that are topic to pitfalls and uncertainties. A range of components could bring about real results or results to differ materially from those indicated by these ahead-on the lookout statements. These aspects consist of, but are not confined to: (1) the event of any occasion, improve or other circumstances that could give rise to the termination of the Agreement and Approach of Merger offering for the enterprise combination (the “Agreement”) and the proposed business mix contemplated thus (2) the incapability to comprehensive the transactions contemplated by the Arrangement because of to the failure to satisfy the remaining circumstances to closing in the Agreement (3) the means 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 skill to acknowledge the predicted added benefits of the proposed organization mix, which might be impacted by, among other issues, competitors, the capability of the merged enterprise to mature and manage development profitably, keep interactions with prospects and suppliers and keep its management and critical workforce (6) expenses similar to the proposed business mix (7) improvements in applicable guidelines or restrictions (8) the chance that Pagaya may perhaps be adversely impacted by other economic, business, and/or aggressive components and (9) other threats and uncertainties indicated from time to time in other files submitted or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to put undue reliance on any ahead-searching statements, which talk only as of the day created. EJFA and Pagaya undertake no commitment to update or revise the forward-seeking statements, no matter whether as a result of new information, potential gatherings or usually, apart from as could be expected by law.
For all Pagaya IR inquiries, remember to get to 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, please reach out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]