Pagaya Technologies (PGY) Announces 6.5M Share Offering
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Pagaya Announces Public Offering of Class A Ordinary Shares
March 13, 2024 4:40 PM EDTNEW YORK--(BUSINESS WIRE)-- 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... More
