Pagaya Technologies Ltd., a global technology company building AI infrastructure for the financial ecosystem, and EJF Acquisition today announced that EJFA shareholders are scheduled to vote June 17 on the proposed business combination.
The transaction includes $288 million in gross proceeds from EJFA’s cash in trust (assuming no redemptions) and a $200 million PIPE. As a result of PIPE commitments, the SPAC said it expects to satisfy the $200 million minimum cash closing condition.
If approved, upon closing Pagaya’s Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the ticker symbols PGY and PGYWW. Read more.
