Deal Snapshot
Pagaya Technologies to Become Publicly Traded Company Through Combination with SPAC
Friday 17 September 2021

Israel- and US-based financial technology company Pagaya Technologies Ltd and publicly traded special purpose acquisition company EJF Acquisition Corp. (NASDAQ: EJFA) have entered into a definitive business combination agreement, the companies said.

As a result of the transaction, which values the combined company at an estimated enterprise value of approximately USD 8.5bn at closing, Pagaya will become a publicly listed entity and trade under a new ticker symbol.

Date Published: 17/09/2021