Pagaya Technologies Ltd announced that it has entered into a purchase agreement for a private of 20,000,000 class A shares at an issue price of $10 per share for gross proceeds of $200 million in equity on September 15, 2021. The transaction will include participation from EJF Debt Opportunities Master Fund, L.P.; a fund managed by EJF Capital LLC. The transaction will close concurrently with the business combination transaction.