Pagaya Technologies will be going public through a SPAC. The deal, announced Wednesday, Sept. 15, values Pagaya, a financial tech startup that operates an AI network to make lending transactions more efficient, at about $9 billion.
The shell company involved in the deal is EJF Acquisition Corp. (EJFA), a blank check company sponsored by EJF Capital LLC and affiliates and formed for this purpose.
This deal may illustrate a point . . .
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