Pagaya announces offering of 6.5M Class A ordinary shares

Pagaya Technologies Ltd. announced that it has commenced an underwritten public offering of 6.5M 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. Citigroup and Jefferies are active joint book-running managers of the offering. Keefe, Bruyette & Woods, A Stifel Company is a book-runner of the offering. B. Riley Securities is acting as a co-manager of the offering.