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 purpose acquisition enterprise, and Pagaya Technologies Ltd. (“Pagaya”) now announced that EJFA’s shareholders voted to approve the proposed company combination (the “Company Blend”) with Pagaya, a worldwide technological innovation company setting up artificial intelligence infrastructure for the monetary ecosystem, at a exclusive meeting of its shareholders (“Special Meeting”) held currently, June 17, 2022. Pagaya’s shareholders also authorised the Organization Combination at an incredible typical assembly of its shareholders held on June 16, 2022.

The closing of the Business Combination is expected to manifest on or about June 22, 2022. As formerly introduced, next the closing, the publicly outlined corporation will be named Pagaya Systems Ltd. and its Course A ordinary shares and general public warrants are envisioned to begin investing on the Nasdaq stock market place below the symbols “PGY” and “PGYWW”, respectively.

A Variety 8-K disclosing the whole voting effects will be submitted by EJFA with the Securities and Exchange Commission.

About Pagaya

Pagaya is a economic engineering firm working to reshape the lending market by working with device finding out, big facts analytics, and subtle AI-driven credit history and analysis technology. Pagaya was designed to offer a thorough solution to help the credit rating sector to supply their consumers a good knowledge although simultaneously improving the broader credit history ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure community of partners to provide a quality client user experience and bigger access to credit score.

For extra info on Pagaya’s technology, solutions, and occupations, make sure you take a look at www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank look at organization sponsored by EJF Cash LLC and affiliates fashioned for the goal of partnering with a significant-quality money services business enterprise. EJFA’s administration workforce and Board of Directors are composed of veteran financial assistance industry executives and founders, like Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Chief Government Officer, and Thomas Mayrhofer, Main Money Officer.

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For far more info on EJF Acquisition Corp. remember to pay a visit to www.ejfacquisition.com.

Forward-hunting Statements

This doc involves “forward-looking statements” within the this means of the “safe harbor” provisions of the United States Non-public Securities Litigation Reform Act of 1995. Forward-seeking statements could be determined by the use of words these kinds of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other very similar expressions that predict or reveal potential situations or trends or that are not statements of historic matters. These forward-searching statements contain estimated economical details. These ahead-on the lookout statements with regard to revenues, earnings, effectiveness, methods, potential customers and other areas of the companies of EJFA, Pagaya or the put together organization following completion of the proposed business enterprise blend are based mostly on existing anticipations that are matter to dangers and uncertainties. A number of variables could lead to genuine effects or results to differ materially from all those indicated by this sort of forward-wanting statements. These factors include, but are not limited to: (1) the occurrence of any party, alter or other instances that could give rise to the termination of the Settlement and Strategy of Merger offering for the business enterprise combination (the “Agreement”) and the proposed company mixture contemplated thereby (2) the incapability to total the transactions contemplated by the Arrangement because of to the failure to fulfill the remaining problems to closing in the Settlement (3) the ability to meet up with Nasdaq’s listing expectations following the consummation of the transactions contemplated by the Agreement (4) the hazard that the proposed transaction disrupts existing plans and operations of Pagaya as a outcome of the announcement and consummation of the transactions described herein (5) the potential to realize the predicted positive aspects of the proposed enterprise mix, which may be impacted by, amid other items, opposition, the capability of the merged business to grow and take care of development profitably, maintain relationships with prospects and suppliers and keep its management and key workers (6) expenses linked to the proposed business enterprise combination (7) modifications in applicable legal guidelines or polices (8) the risk that Pagaya may be adversely affected by other economic, company, and/or aggressive variables and (9) other hazards and uncertainties indicated from time to time in other files filed or to be submitted with the SEC by EJFA or Pagaya. You are cautioned not to position undue reliance on any forward-on the lookout statements, which communicate only as of the day built. EJFA and Pagaya undertake no determination to update or revise the forward-on the lookout statements, irrespective of whether as a end result of new information and facts, long term functions or in any other case, apart from as could be expected by regulation.

Contacts

For all Pagaya IR inquiries, make sure you arrive at out to ICR at [email protected]

For all Pagaya media inquiries, make sure you achieve out to Edelman at [email protected].

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