Pagaya Technologies (PGY) Prices 7.5M Share Offering at $12.70/sh
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Pagaya Announces Pricing of 7,500,000 Class A Ordinary Shares
March 14, 2024 6:45 AM 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 priced an underwritten public offering (the Offering) of 7,500,000 Class A ordinary shares, no par value (Class A Ordinary Shares) at a public offering price of $12.70. The Company granted the underwriters a 30-day option to purchase up to 1,125,000 additional Class A Ordinary Shares. The gross proceeds to the Company from the Offering are expected to be approximately $95 million, before deducting underwriting discounts and commissions and estimated offering... More
