Simpson Thacher represented EJF Acquisition Corp. (“EJF”), a publicly traded special purpose acquisition company, in connection with the completion of its previously announced business combination with Pagaya Technologies Ltd. (“Pagaya”). Upon closing, Pagaya’s Class A ordinary shares and public warrants began trading on the Nasdaq stock market on June 23, 2022 under the ticker symbols “PGY” and “PGYWW,” respectively.
Pagaya is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. Pagaya was built to provide a comprehensive solution to enable the credit industry to deliver their customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API and capital solutions seamlessly integrate into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.
The Simpson Thacher team included Mark Brod, Joshua Bonnie, Arielle L. Katzman, Emma O’Hara, Alexander Suh, Evan Hunt and Charlotte Bowe (Capital Markets); Jonathan Corsico, John Dougherty and Erin Harvey (M&A); Benjamin Rippeon and William Smolinski (Tax); Lori Lesser and Melanie Jolson (Intellectual Property); Jeannine McSweeney, Harry Hudesman and Ryan Kenny (Executive Compensation and Employee Benefits); Kelly Karapetyan (Antitrust); Abram Ellis and Christine Tillema (Regulatory); Krista McManus and Stephanie Kantor (Real Estate); David Blass and Jamie Hahn (Registered Funds); Chris Brown and Cem Islikci (Banking and Credit); and Michael Isby (Environmental).