EJF Acquisition Corp. Shareholders Approve Proposed Business Combination with Pagaya Technologies Ltd.

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 reason acquisition company, and Pagaya Systems Ltd. (“Pagaya”) now announced that EJFA’s shareholders voted to approve the proposed enterprise blend (the “Organization Mixture”) with Pagaya, a worldwide technology company making synthetic intelligence infrastructure for the economical ecosystem, at a unique meeting of its shareholders (“Special Meeting”) held right now, June 17, 2022. Pagaya’s shareholders also permitted the Organization Mixture at an remarkable general assembly of its shareholders held on June 16, 2022.

The closing of the Small business Mix is anticipated to come about on or about June 22, 2022. As earlier declared, subsequent the closing, the publicly shown company will be named Pagaya Technologies Ltd. and its Course A regular shares and general public warrants are anticipated to get started buying and selling on the Nasdaq stock market beneath the symbols “PGY” and “PGYWW”, respectively.

A Kind 8-K disclosing the comprehensive voting outcomes will be filed by EJFA with the Securities and Exchange Commission.

About Pagaya

Pagaya is a fiscal know-how enterprise functioning to reshape the lending market by applying device mastering, huge knowledge analytics, and refined AI-pushed credit history and evaluation know-how. Pagaya was designed to deliver a extensive remedy to help the credit history industry to produce their prospects a optimistic knowledge while concurrently maximizing the broader credit ecosystem. Its proprietary API seamlessly integrates into its future-gen infrastructure community of partners to produce a premium shopper consumer working experience and increased entry to credit.

For much more information and facts on Pagaya’s technologies, companies, and professions, you should pay a visit to www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank test organization sponsored by EJF Funds LLC and affiliates shaped for the function of partnering with a substantial-good quality money expert services small business. EJFA’s management crew and Board of Administrators are composed of veteran economical service field executives and founders, together with Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Govt Officer, and Thomas Mayrhofer, Main Monetary Officer.

Tale continues

For additional information on EJF Acquisition Corp. be sure to visit www.ejfacquisition.com.

Ahead-looking Statements

This doc contains “forward-looking statements” inside the meaning of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Forward-wanting statements may well be identified by the use of text these kinds of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other related expressions that predict or reveal foreseeable future events or developments or that are not statements of historical matters. These types of forward-wanting statements consist of believed economical information. Such ahead-wanting statements with respect to revenues, earnings, general performance, methods, prospective buyers and other areas of the companies of EJFA, Pagaya or the mixed enterprise just after completion of the proposed business enterprise mixture are primarily based on latest expectations that are subject to dangers and uncertainties. A range of variables could cause precise final results or results to vary materially from individuals indicated by these kinds of ahead-hunting statements. These aspects involve, but are not constrained to: (1) the prevalence of any occasion, modify or other situation that could give increase to the termination of the Agreement and Approach of Merger supplying for the small business blend (the “Agreement”) and the proposed business mixture contemplated thus (2) the incapability to comprehensive the transactions contemplated by the Agreement owing to the failure to fulfill the remaining disorders to closing in the Settlement (3) the ability to fulfill Nasdaq’s listing standards next the consummation of the transactions contemplated by the Agreement (4) the danger that the proposed transaction disrupts present options and operations of Pagaya as a consequence of the announcement and consummation of the transactions described herein (5) the potential to recognize the expected positive aspects of the proposed business mixture, which might be influenced by, between other factors, levels of competition, the ability of the blended organization to increase and handle progress profitably, sustain interactions with consumers and suppliers and retain its management and crucial employees (6) charges associated to the proposed company combination (7) modifications in applicable legal guidelines or restrictions (8) the likelihood that Pagaya could be adversely affected by other economic, organization, and/or aggressive variables and (9) other dangers and uncertainties indicated from time to time in other documents submitted 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 converse only as of the day made. EJFA and Pagaya undertake no commitment to update or revise the ahead-hunting statements, irrespective of whether as a consequence of new details, long run events or in any other case, except as could be expected by legislation.

Contacts

For all Pagaya IR inquiries, remember to access out to ICR at [email protected]

For all Pagaya media inquiries, please reach out to Edelman at [email protected].

For all EJFA media inquiries, be sure to access out to Nathaniel Garnick/Kevin FitzGerald at Gasthalter & Co. at (212) 257-4170 or [email protected]