Pagaya Systems Ltd.

NEW YORK and TEL AVIV, Israel and ARLINGTON, Va., June 17, 2022 (Globe NEWSWIRE) — EJF Acquisition Corp. (“EJFA”) (NASDAQ: EJFAU, EJFA, EJFAW), a publicly traded exclusive purpose acquisition enterprise, and Pagaya Systems Ltd. (“Pagaya”) today declared that EJFA’s shareholders voted to approve the proposed organization mix (the “Organization Blend”) with Pagaya, a worldwide technological innovation firm setting up synthetic intelligence infrastructure for the economical ecosystem, at a special conference of its shareholders (“Special Meeting”) held now, June 17, 2022. Pagaya’s shareholders also approved the Enterprise Combination at an amazing standard conference of its shareholders held on June 16, 2022.

The closing of the Enterprise Combination is anticipated to take place on or about June 22, 2022. As formerly introduced, adhering to the closing, the publicly outlined company will be named Pagaya Technologies Ltd. and its Class A common shares and community warrants are anticipated to begin buying and selling on the Nasdaq inventory market place less than the symbols “PGY” and “PGYWW”, respectively.

A Kind 8-K disclosing the comprehensive voting benefits will be submitted by EJFA with the Securities and Trade Commission.

About Pagaya

Pagaya is a economical technological innovation firm operating to reshape the lending marketplace by utilizing equipment discovering, big facts analytics, and innovative AI-driven credit history and investigation technological know-how. Pagaya was created to deliver a in depth resolution to enable the credit rating sector to provide their consumers a favourable practical experience while concurrently boosting the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of companions to produce a quality shopper person practical experience and higher accessibility to credit.

For far more details on Pagaya’s know-how, companies, and occupations, remember to check out www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank verify business sponsored by EJF Money LLC and affiliate marketers fashioned for the reason of partnering with a significant-good quality fiscal products and services small business. EJFA’s management staff and Board of Administrators are composed of veteran fiscal provider market executives and founders, which include Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Government Officer, and Thomas Mayrhofer, Main Money Officer.

For extra data on EJF Acquisition Corp. remember to pay a visit to www.ejfacquisition.com.

Ahead-on the lookout Statements

This doc contains “forward-searching statements” in just the this means of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-wanting statements could be identified by the use of terms these types of as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict or suggest long run events or traits or that are not statements of historic matters. These kinds of forward-on the lookout statements contain believed money information. This sort of forward-wanting statements with respect to revenues, earnings, performance, tactics, prospective customers and other elements of the firms of EJFA, Pagaya or the combined enterprise following completion of the proposed enterprise mixture are based on latest anticipations that are topic to risks and uncertainties. A selection of aspects could trigger true outcomes or results to vary materially from all those indicated by this kind of ahead-hunting statements. These variables include things like, but are not limited to: (1) the prevalence of any event, alter or other instances that could give increase to the termination of the Arrangement and System of Merger providing for the business mixture (the “Agreement”) and the proposed organization blend contemplated thus (2) the incapacity to finish the transactions contemplated by the Settlement thanks to the failure to satisfy the remaining ailments to closing in the Settlement (3) the means to satisfy Nasdaq’s listing benchmarks adhering to the consummation of the transactions contemplated by the Agreement (4) the threat that the proposed transaction disrupts recent strategies and functions of Pagaya as a end result of the announcement and consummation of the transactions described herein (5) the potential to realize the expected positive aspects of the proposed organization combination, which may be affected by, amongst other items, competition, the means of the combined business to grow and handle growth profitably, keep associations with customers and suppliers and retain its management and crucial staff members (6) fees related to the proposed small business mix (7) improvements in applicable legislation or laws (8) the chance that Pagaya may possibly be adversely influenced by other economic, organization, and/or aggressive factors and (9) other pitfalls and uncertainties indicated from time to time in other documents filed or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to put undue reliance on any ahead-searching statements, which speak only as of the day produced. EJFA and Pagaya undertake no commitment to update or revise the forward-wanting statements, whether or not as a consequence of new details, long run situations or in any other case, apart from as may well be demanded by law.

Contacts

For all Pagaya IR inquiries, remember to attain out to ICR at [email protected]

For all Pagaya media inquiries, be sure to arrive at out to Edelman at [email protected].

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