EJF Acquisition Corp. (EJFA) to Combine with Pagaya in $8.5Bn Deal

EJF Acquisition Corp. (EJFA) to Combine with Pagaya in $8.5Bn Deal

EJF (NASDAQ:EJFA) has entered into a definitive agreement to combine with fintech Pagaya at an enterprise value of $8.5 billion, or 12.5x its 2022E revenue. Tel Aviv-based Pagaya provides an AI-powered platform matching customers with third-party credit products both applying for loans and at the point-of-sale (POS). The combined company is expected to trade on
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