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Pagaya Technologies (NASDAQ: PGY) has filed its first annual report on Form 10-K for the year ended December 31, 2023, aiming to enhance transparency and disclosure of its business and performance. The filing is part of a strategy to attract institutional ownership and improve marketability of its stock. Pagaya's officers, directors, and 10% shareholders will now also begin reporting on Forms 3, 4, and 5, including recent purchases of approximately $2 million of the Company's Class A ordinary shares. The Company's CFO highlighted the move as aligning with U.S. capital markets practices, providing investors with a comprehensive view of Pagaya's business. The Annual Report on Form 10-K is accessible on Pagaya's Investor Relations website, with first quarter 2024 results set to be disclosed on May 9, 2024.
Pagaya Technologies (NASDAQ: PGY) ha presentato il suo primo rapporto annuale sul Modulo 10-K per l'anno chiuso al 31 dicembre 2023, con l'obiettivo di migliorare la trasparenza e la divulgazione delle sue attività e prestazioni. La presentazione fa parte di una strategia per attrarre proprietà istituzionale e migliorare la commercializzabilità delle sue azioni. Ufficiali, direttori e azionisti con una partecipazione del 10% di Pagaya inizieranno ora a presentare i rapporti sui Moduli 3, 4 e 5, includendo acquisti recenti di circa 2 milioni di dollari di azioni ordinarie di Classe A della Società. Il CFO della Società ha sottolineato che questa mossa è in linea con le pratiche dei mercati di capitale degli Stati Uniti, fornendo agli investitori una visione completa dell'attività di Pagaya. Il Rapporto Annuale sul Modulo 10-K è accessibile sul sito di Relazioni con gli Investitori di Pagaya, con i risultati del primo trimestre 2024 che verranno rivelati il 9 maggio 2024.
Pagaya Technologies (NASDAQ: PGY) ha presentado su primer informe anual en el Formulario 10-K para el año que terminó el 31 de diciembre de 2023, con el objetivo de aumentar la transparencia y la divulgación de su negocio y rendimiento. La presentación es parte de una estrategia para atraer la propiedad institucional y mejorar la comercialización de sus acciones. Los directivos, directores y accionistas con un 10% de participación de Pagaya ahora también comenzarán a informar en los Formularios 3, 4 y 5, incluidas las compras recientes de aproximadamente $2 millones en acciones ordinarias Clase A de la Compañía. El CFO de la Compañía destacó que este movimiento está en línea con las prácticas de los mercados de capitales de EE. UU., proporcionando a los inversores una vista completa del negocio de Pagaya. El Informe Anual en el Formulario 10-K está disponible en el sitio web de Relaciones con Inversores de Pagaya, y los resultados del primer trimestre de 2024 se divulgarán el 9 de mayo de 2024.
Pagaya Technologies (NASDAQ: PGY)는 2023년 12월 31일로 끝난 해에 대한 첫 연례 보고서인 Form 10-K를 제출했습니다. 이는 사업 성과와 공개의 투명성을 증진시키려는 목표를 가지고 있습니다. 이 제출은 기관 소유권을 유치하고 주식의 시장성을 개선하려는 전략의 일부입니다. Pagaya의 임원, 이사, 및 10% 주주들은 이제 Form 3, 4, 및 5에서의 보고를 시작할 것이며, 이에는 회사의 Class A 보통주 약 200만 달러에 대한 최근 구매가 포함됩니다. 회사의 CFO는 이 조치가 미국 자본 시장 관행과 일치한다고 강조하며, 투자자들에게 Pagaya의 사업에 대한 포괄적인 견해를 제공한다고 설명했습니다. Form 10-K에 대한 연례 보고서는 Pagaya의 투자자 관계 웹사이트에서 접근 가능하며, 2024년 1분기 결과는 2024년 5월 9일에 공개될 예정입니다.
Pagaya Technologies (NASDAQ : PGY) a déposé son premier rapport annuel sur le formulaire 10-K pour l'année se terminant le 31 décembre 2023, dans le but d'améliorer la transparence et la divulgation de ses activités et performances. Ce dépôt fait partie d'une stratégie visant à attirer la propriété institutionnelle et à améliorer la commercialisabilité de son stock. Les dirigeants, administrateurs et actionnaires détenant 10% ou plus de Pagaya commenceront également à rendre compte sur les formulaires 3, 4 et 5, incluant des achats récents d'environ 2 millions de dollars d'actions ordinaires de classe A de la Société. Le directeur financier de la Société a souligné que cette démarche est conforme aux pratiques des marchés de capitaux américains, offrant aux investisseurs une vue complète sur l'activité de Pagaya. Le rapport annuel sur le formulaire 10-K est accessible sur le site des relations avec les investisseurs de Pagaya, avec les résultats du premier trimestre 2024 qui seront divulgués le 9 mai 2024.
Pagaya Technologies (NASDAQ: PGY) hat seinen ersten jährlichen Bericht auf Form 10-K für das am 31. Dezember 2023 beendete Geschäftsjahr eingereicht, mit dem Ziel, Transparenz und Offenlegung seines Geschäftsbetriebs und seiner Leistungen zu verbessern. Die Einreichung ist Teil einer Strategie, institutionelles Eigentum anzuziehen und die Marktgängigkeit seiner Aktien zu verbessern. Die leitenden Angestellten, Direktoren und Aktionäre, die 10% oder mehr besitzen, werden nun auch auf den Formularen 3, 4 und 5 Bericht erstatten, einschließlich kürzlicher Käufe von etwa 2 Millionen US-Dollar der Klasse A Stammaktien des Unternehmens. Der CFO des Unternehmens betonte, dass dieser Schritt im Einklang mit den Praktiken der US-Kapitalmärkte steht, was den Investoren einen umfassenden Einblick in das Geschäft von Pagaya bietet. Der Jahresbericht auf Form 10-K ist auf der Website für Investor Relations von Pagaya zugänglich, mit Ergebnissen des ersten Quartals 2024, die am 9. Mai 2024 bekannt gegeben werden.
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Filing on U.S. domestic issuer forms enhances transparency and disclosure of Pagaya’s business and performance, while improving the marketability of its stock
NEW 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 filed its first annual report on Form 10-K for the year ended December 31, 2023.
This filing is part of the Company’s previously announced set of initiatives to provide increased transparency of its business and performance to the U.S. investment community and attract institutional ownership of its stock, as well as increasing the likelihood of inclusion in major U.S. equity indices. Accordingly, the Company will be filing its quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K. In addition, the Company's officers, directors, and 10% shareholders will now also begin reporting on Forms 3, 4, and 5, as applicable, including the Company’s recent Form 4 filings disclosing that its CEO, President, Chairman, Chief Development Officer, and other co-founders purchased approximately $2 million of the Company’s Class A ordinary shares.
“With substantially all of Pagaya’s assets, revenues, operations and executive leadership team based in the U.S., filing on U.S domestic issuer forms is the next step to align our business to U.S. capital markets practices,” said Evangelos Perros, Chief Financial Officer of Pagaya. “We believe filing a Form 10-K for 2023, even after satisfying annual filing requirements with our previous 20-F, provides investors and other stakeholders access to Pagaya’s SEC filings in a familiar format to form an informed and holistic view of our business.”
Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide, as it reshapes the financial services ecosystem. By using machine learning, a vast data network and a sophisticated AI-driven approach, Pagaya provides comprehensive consumer credit and residential real estate solutions for its partners, their customers, and investors. Its proprietary API and capital solutions integrate into its network of partners to deliver seamless user experiences and greater access to the mainstream economy. Pagaya has offices in New York and Tel Aviv. For more information, visit pagaya.com.
Cautionary Note About Forward-Looking Statements
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. These forward-looking statements generally are identified by the words “anticipate,” “believe,” “continue,” “can,” “could,” “estimate,” “expect,” “intend,” “may,” “opportunity,” “future,” “strategy,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. All statements other than statements of historical fact are forward-looking statements, including statements regarding: the Company’s strategy and future operations, including the Company’s preliminary results for Network Volume, Total Revenue and Other Income and Adjusted EBITDA for the fourth quarter 2023 and full year 2023; the Company’s plan to relocate its headquarters; the Company’s intention to file on U.S. domestic issuer forms starting with the Company’s quarter ending March 31, 2024; the approval and implementation of a reverse share split; the ability of these aforementioned actions to help enhance transparency of the Company’s business and provide consistency and comparability with other U.S. public companies, while also potentially increasing the likelihood of its inclusion in U.S. equity indices; and the ability of a reverse split of the Company’s ordinary shares to help facilitate a broader range of investment opportunities. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Risks, uncertainties and assumptions include factors relating to: the Company's ability to attract new partners and to retain and grow its relationships with existing partners to support the underlying investment needs for its securitizations and funds products; the need to maintain a consistently high level of trust in its brand; the concentration of a large percentage of its investment revenue with a small number of partners and platforms; its ability to sustain its revenue growth rate or the growth rate of its related key operating metrics; its ability to improve, operate and implement its technology, its existing funding arrangements for the Company and its affiliates that may not be renewed or replaced or its existing funding sources that may be unwilling or unable to provide funding to it on terms acceptable to it, or at all; the performance of loans facilitated through its model; changes in market interest rates; its securitizations, warehouse credit facility agreements; the impact on its business of general economic conditions, including, but not limited to rising interest rates, inflation, supply chain disruptions, exchange rate fluctuations and labor shortages; the effect of and uncertainties related to the COVID-19 pandemic (including any government responses thereto); its ability to realize the potential benefits of past or future acquisitions; anticipated benefits and savings from our recently announced reduction in workforce; changes in the political, legal and regulatory framework for AI technology, machine learning, financial institutions and consumer protection; the ability to maintain the listing of our securities on Nasdaq; the financial performance of its partners, and fluctuations in the U.S. consumer credit and housing market; its ability to grow effectively through strategic alliances; seasonal fluctuations in our revenue as a result of consumer spending and saving patterns; pending and future litigation, regulatory actions and/or compliance issues including with respect to the merger with EJF Acquisition Corp.; and other risks that are described in and the Company’s Form 20-F filed on April 20, 2023 and subsequent filings with the U.S. Securities and Exchange Commission. These forward-looking statements reflect the Company's views with respect to future events as of the date hereof and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, investors should not place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, reflect the Company’s current beliefs and are based on information currently available as of the date they are made, and the Company assumes no obligation and does not intend to update these forward-looking statements.
Pagaya Investors & Analysts
Jency John
Head of Investor Relations
IR@pagaya.com
Pagaya Media & Press
Emily Passer
Head of PR & External Communications
Press@pagaya.com
Source: Pagaya Technologies Ltd.
FAQ
What form did Pagaya Technologies file for the year ended December 31, 2023?
Pagaya Technologies filed its first annual report on Form 10-K for the year ended December 31, 2023.
What is the ticker symbol of Pagaya Technologies ?
The ticker symbol of Pagaya Technologies is PGY.
Where can investors access Pagaya Technologies 's Annual Report on Form 10-K?
Investors can access Pagaya Technologies 's Annual Report on Form 10-K in the Investor Relations section of Pagaya's website at www.investor.pagaya.com under 'SEC Filings.'
When will Pagaya Technologies disclose its first quarter 2024 results?
Pagaya Technologies will disclose its first quarter 2024 results on May 9, 2024.
