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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Mar. 29, 9:35 AM

Slide #19. Pagaya Technologies Ltd. Secondary Offering

Company: Pagaya Technologies Ltd. (NASDAQ:PGY)
Date announced: 3/13/2024
Shares Offered: 6,500,000
Secondary Offering Details: Pagaya Technologies Ltd. (NASDAQ:PGY) ("Pagaya," the "Company" or "we"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it has commenced an underwritten public offering (the "Offering") of 6,500,000 Class A ordinary shares, no par value ("Class A Ordinary Shares"). The Company intends to grant the underwriters a 30-day option to purchase up to 975,000 additional Class A Ordinary Shares. The Company intends to use the net proceeds from the Offering for general corporate purposes and to support future growth, which may include working capital expenses and associated investments. The Offering is subject to market and other conditions.

Pagaya Technologies is a technology company. Co. is engaged primarily in the business of developing and implementing proprietary artificial intelligence technology and related software solutions to assist financial institutions including, among others, banks, peer-to-peer lending networks, online marketplaces, non-bank finance companies, fintechs, financing intermediaries, consumer product companies, brokers, agents and credit unions to originate loans and other assets with credit decision-making processes, and sponsoring, managing and/or administering Financing Vehicles.
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Company Name:  Pagaya Technologies Ltd
Sector:  Investment Brokerages
Number of ETFs Holding PGY:  5
Total Market Value Held by ETFs:  $2.47M
Total Market Capitalization:  $403.00M
% of Market Cap. Held by ETFs:  0.61%
 

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March 29, 2024    9:35 AM Eastern
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Strong Buy (3.67 out of 4)
66th percentile
(ranked higher than approx. 66% of all stocks covered)
Based on Zacks ABR data;
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