Simpson Thacher is representing EJF Acquisition Corp. (“EJF”) (NASDAQ: EJFA), a publicly traded special purpose acquisition company, in connection with its entry into a definitive business combination agreement and plan of merger with Pagaya Technologies Ltd. (“Pagaya”). As a result of the transaction, Pagaya will become a publicly listed company on the NASDAQ and the pro forma implied equity value of Pagaya post-merger is expected to be approximately $8.5 billion.
Pagaya is a leader in Artificial Intelligence lending decisions, empowering lenders and customers to make more informed and successful lending choices based on proprietary technology. With more than $4.7 billion in annualized network activity, Pagaya’s network transforms how creditors analyze successful lending outcomes.
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