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Wednesday, June 22, 2022

Equity Corporate Actions Alert #2022 - 145
Information Regarding the Business Combination of EJF Acquisition Corp. (EJFA/U/W) and Pagaya Technologies Ltd.

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  • Industry Announcement

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The business combination of EJF Acquisition Corp. (EJFA/U/W) and Pagaya Technologies Ltd. closed today, June 22, 2022. As a result of the business combination, the common stock, warrant, and unit of EJF Acquisition Corp (EJFA/U/W) will be suspended from trading. These actions will become effective on June 23, 2022

Company Name/Issue: EJF Acquisition Corp. Class A Ordinary Shares
CUSIP#: G2955B109
Symbol: EJFA
Last Trading Date: June 22, 2022
Marketplace Effective Date for Suspension: June 23, 2022
Merger Consideration: One (1) Class A Ordinary Shares of Pagaya Technologies Ltd. (PGY) for each share held.
Company Name/Issue: EJF Acquisition Corp. Warrant
CUSIP#: G2955B125
Symbol: EJFAW
Last Trading Date: June 22, 2022
Marketplace Effective Date for Suspension: June 23, 2022
Merger Consideration: One (1) Pagaya Technologies Ltd. Warrant expiring 6/22/2027 (PGYWW) for each warrant held.
Company Name/Issue: EJF Acquisition Corp. Unit
CUSIP#: G2955B117
Symbol: EJFAU
Last Trading Date: June 22, 2022
Marketplace Effective Date for Suspension: June 23, 2022
Merger Consideration: Unit will separate into its components

As a result of the merger, the combined company will be listed on the Nasdaq Capital Market. The details are as follows:

Company: Pagaya Technologies Ltd. Class A Ordinary Shares
CUSIP#: M7S64L115
Symbol: PGY
Marketplace Effective Date: June 23, 2022

Company: Pagaya Technologies Ltd Warrant expiring 6/22/2027
CUSIP#: M7S64L107
Symbol: PGYWW
Marketplace Effective Date: June 23, 2022

If you would like to register as a market maker in PGY or PGYWW, contact Nasdaq Trading Services at +1 212 231 5100.


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