Pagaya Trades on Nasdaq Following SPAC Deal

Pagaya Technologies has listed its shares on the Nasdaq following the completion of a SPAC deal with EJF Acquisition Corp.

The shares are trading under the symbol “PGY” at around $5.70/share.

The deal was approved by Pagaya shareholders on June 16, 2022, and by EJFA’s shareholders on June 17, 2022.

Gal Krubiner, CEO of Pagaya, commented:

“Six years ago, we embarked on a mission to become the leading network powering financial possibilities for our partners and their customers. Since then, we have achieved significant volume and scale, thanks to the support of our dedicated employees, partners, and investors, leading us to this exciting moment in our company’s history. We believe being a public company better positions us to continue becoming the trusted A.I. partner for the banking ecosystem, helping to expand the availability of life-changing financial products to more people.”

Pagaya is a Fintech that uses artificial intelligence to enable people to access credit. The service is utilized by banks and other lenders providing unsecured consumer credit, auto sales, etc.

 

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