---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-033358"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:26:08.401362+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pagaya agrees to buy Theorem Technology, adds $3B in fund capital, expected close Q4 2024

## Summary
- Pagaya to acquire 100% of Theorem Technology, a consumer credit funds manager, for undisclosed terms.
- Combined fund management business expected to exceed $3 billion in capital; acquisition to close Q4 2024.
- Acquisition expected to be accretive in 2025; provides Pagaya with funding diversification and capital efficiency.
- Theorem's investors gain access to credit assets from Pagaya's network of 30 lenders with $180B quarterly application volume.

## SEC filing metadata
- accession: 0001628280-24-033358
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2024-07-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000162828024033358/0001628280-24-033358-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000162828024033358/theorem8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-033358
- JSON: https://secwatch.observer/filing/0001628280-24-033358.json
- Plain text: https://secwatch.observer/filing/0001628280-24-033358.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.