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

Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001883085-24-000122
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Pagaya grants warrants to Castlelake as consideration for forward flow funding
------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000188308524000122/0001883085-24-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000188308524000122/pgy-20240913.htm
  HTML page:      https://secwatch.observer/filing/0001883085-24-000122

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