November 30, 2022

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EJF Acquisition Corp. Shareholders Approve Proposed Business Combination with Pagaya Technologies Ltd.

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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 distinctive goal acquisition enterprise, and Pagaya Systems Ltd. (“Pagaya”) nowadays introduced that EJFA’s shareholders voted to approve the proposed organization blend (the “Business Mixture”) with Pagaya, a world technological innovation corporation creating artificial intelligence infrastructure for the financial ecosystem, at a particular conference of its shareholders (“Special Meeting”) held currently, June 17, 2022. Pagaya’s shareholders also accepted the Small business Combination at an remarkable basic meeting of its shareholders held on June 16, 2022.

The closing of the Enterprise Combination is predicted to arise on or about June 22, 2022. As earlier declared, next the closing, the publicly shown company will be named Pagaya Systems Ltd. and its Class A standard shares and general public warrants are predicted to start off investing on the Nasdaq stock marketplace underneath the symbols “PGY” and “PGYWW”, respectively.

A Variety 8-K disclosing the comprehensive voting outcomes will be submitted by EJFA with the Securities and Exchange Fee.

About Pagaya

Pagaya is a fiscal technology firm operating to reshape the lending market by using equipment finding out, massive info analytics, and innovative AI-pushed credit history and investigation technologies. Pagaya was constructed to deliver a comprehensive solution to help the credit score industry to deliver their consumers a good working experience though simultaneously improving the broader credit history ecosystem. Its proprietary API seamlessly integrates into its up coming-gen infrastructure network of companions to supply a high quality shopper user expertise and greater obtain to credit score.

For much more details on Pagaya’s engineering, companies, and occupations, you should visit www.Pagaya.com.

About EJFA

EJF Acquisition Corp. is a blank verify corporation sponsored by EJF Capital LLC and affiliate marketers formed for the goal of partnering with a superior-top quality economic expert services business. EJFA’s management crew and Board of Directors are composed of veteran monetary assistance marketplace executives and founders, together with Manny Friedman, Chairman, Neal Wilson, Vice Chairman, Kevin Stein, Main Executive Officer, and Thomas Mayrhofer, Main Fiscal Officer.

For more facts on EJF Acquisition Corp. remember to stop by www.ejfacquisition.com.

Ahead-on the lookout Statements

This document includes “forward-looking statements” in just the meaning of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-wanting statements may be recognized by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “believe,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other equivalent expressions that forecast or point out future functions or tendencies or that are not statements of historical issues. Such forward-hunting statements include believed money information and facts. This kind of ahead-on the lookout statements with regard to revenues, earnings, overall performance, techniques, potential clients and other features of the organizations of EJFA, Pagaya or the combined corporation immediately after completion of the proposed company combination are centered on recent expectations that are subject matter to hazards and uncertainties. A number of factors could lead to true effects or outcomes to vary materially from people indicated by these types of ahead-wanting statements. These things include, but are not limited to: (1) the event of any function, transform or other circumstances that could give increase to the termination of the Arrangement and Strategy of Merger giving for the company combination (the “Agreement”) and the proposed company mix contemplated thus (2) the lack of ability to finish the transactions contemplated by the Agreement thanks to the failure to fulfill the remaining circumstances to closing in the Settlement (3) the means to meet Nasdaq’s listing specifications pursuing the consummation of the transactions contemplated by the Settlement (4) the possibility that the proposed transaction disrupts current strategies and functions of Pagaya as a final result of the announcement and consummation of the transactions explained herein (5) the capacity to recognize the anticipated positive aspects of the proposed business blend, which may possibly be affected by, amid other factors, opposition, the ability of the blended organization to increase and take care of progress profitably, retain associations with shoppers and suppliers and keep its management and critical workforce (6) charges associated to the proposed enterprise mix (7) adjustments in relevant rules or rules (8) the likelihood that Pagaya may be adversely affected by other financial, business, and/or aggressive aspects and (9) other pitfalls and uncertainties indicated from time to time in other documents submitted or to be filed with the SEC by EJFA or Pagaya. You are cautioned not to location undue reliance on any forward-searching statements, which communicate only as of the date created. EJFA and Pagaya undertake no dedication to update or revise the forward-seeking statements, irrespective of whether as a end result of new info, long term events or or else, except as may perhaps be required by law.

Contacts

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

For all Pagaya media inquiries, please get to out to Edelman at [email protected].

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

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