EJF Acquisition Corp.
EJFAW
NASDAQ Capital Market0.36
USD
+0.07
- -
CIK
0001839434
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-12.81
77.03
5Y
-59.83
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Kevin Stein
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2107 Wilson Boulevard Arlington VA United States of America
- IPO Date
- Apr 19, 2021
- CIK
- 0001839434
- Similar Companies
- Business
- EJF Acquisition Corp. (EJFAW) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, primarily targeting financial services sector companies with equity values of $1 billion or more; it commenced operations upon its initial public offering of 28.75 million units at $10 each in February 2021, generating $287.5 million in gross proceeds held in trust, with each unit comprising one Class A ordinary share and one-third of a redeemable public warrant (exercisable at $11.50 per share and listed under EJFAW with expiration October 3, 2026); the company does not have significant independent operations or products beyond pursuing and completing such a de-SPAC transaction. Sponsored by affiliates of EJF Capital LLC, a global alternative asset manager focused on financials and real estate, EJF Acquisition Corp. was founded in 2020 and maintains its headquarters in Arlington, Virginia; its leadership includes Chairman Manny Friedman, Vice Chairman Neal Wilson, CEO Kevin Stein, and CFO Thomas Mayrhofer, all experienced financial services executives. In June 2022, the company completed its proposed business combination with Pagaya Technologies Ltd., an Israel-based AI-driven financial technology firm providing credit decisioning infrastructure to lenders, banks, and auto finance partners; shareholders approved the merger on June 17, 2022, which closed on June 22, 2022, in a reverse merger transaction valuing Pagaya at a pro forma enterprise value of approximately $8.5 billion, supported by $287.5 million from EJFA's trust (assuming no redemptions), an upsized $350 million PIPE from investors including Tiger Global, GIC, and others, and resulting in Pagaya listing on Nasdaq under symbols PGY (shares) and PGYWW (warrants), with EJFA ordinary shares converting accordingly. Post-merger, EJFAW warrants continue trading on Nasdaq as legacy public warrants tied to the original SPAC structure, reflecting no further independent activities by EJF Acquisition Corp., which effectively ceased standalone operations upon the Pagaya combination.