secwatch.observer — SEC 8-K summary
======================================

Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001628280-24-033358
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000162828024033358/0001628280-24-033358-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000162828024033358/theorem8k.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033358

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer