other material
confidence high
sentiment neutral
materiality 0.50
Pagaya grants warrants to Castlelake as consideration for forward flow funding
Pagaya Technologies Ltd.
- Up to 1.2275% of fully diluted shares per month; maximum 2.5% on commitment upsizing.
- Warrants have exercise price of $0.01 per share, 10-year term, immediately exercisable.
- Issued in connection with Castlelake's monthly minimum funding of loans under forward flow arrangement.
- Exempt from registration under Section 4(a)(2) of Securities Act.