EJF Acquisition Corp.

Merged
CIK: 1839434•Ticker: EJFA•Merged Ticker: PGY
Successfully merged with Pagaya Technologies Ltd. • Now trading as PGY

SPAC Overview

$250M
IPO Size
$288M
Trust (as of 2022-03-31)
Completed
Current Status
2021
IPO Year

Timeline Progress

About

EJF Acquisition Corp. is a newly incorporated blank check company seeking a business combination, with a thesis-driven focus on financial services and related enabling companies. It seeks businesses with an equity value of approximately at least $1 billion, ranging from established companies to earlier-stage businesses.

Investment Focus

Financial Services, Asset Management, FinTech, Business Services, Insurance, Real Estate, Data & Analytics, Technology, Consumer

Embarc dashboard

What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.

  • Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
  • Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
  • The full 8-K lifecycle timeline, each event linked to its filing
  • Price history across the unit, share and warrant tickers
  • Follow it, and see it change on your watchlist
Open in the dashboard

SPAC Team

Extended Team Information

The company is led by Emanuel J. Friedman, Neal Wilson, Kevin Stein, Thomas Mayrhofer and Erika Gray, supported by EJF Capital and experienced directors and advisors. EJF Capital is an alternative asset manager founded by Friedman and Wilson, with backgrounds spanning financial services, investment management, banking, regulatory matters and public-company leadership.

Stock Performance

PGY
Trading Symbol
First Trade
2021-04-21
$10.00
At Merger
2022-06-27
$5.77
-42%
6 Months Post-Merger
2022-12-27
$1.03
-82%
1 Year Post-Merger
2023-06-27
$1.45
-75%
2 Years Post-Merger
2024-06-25
$12.01
+108%
Current Price
2026-10-02
$17.98
+80%

Key Information

IPO Date
2021-02-26
State of Incorporation
E9
SIC
6770
Completion Date
2022-06-22
Merger Target
Pagaya Technologies Ltd.
SPAC Ticker
EJFA
Merged Ticker
PGY