Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 153

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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CarryingValueLevel 1Level 2Level 3TotalAssets:Cash, cash equivalents and restricted cash$242,033 $242,033 $— $— $242,033 Fees and other receivables149,184 — 78,499 70,684 149,183 Investments in other loans and receivables1,765 — — 1,765 1,765 Liabilities:Long-term debt$314,547 $— $— $346,702$346,702Exchangeable notes147,526 — 283,462 — 283,462 Secured borrowing265,557 — — 269,706 269,706 

23

December 31, 2024Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssets:Cash, cash equivalents and restricted cash$226,518 $226,518 $— $— $226,518 Fees and other receivables (1)127,114 — 63,143 63,971 127,114 Investments in other loans and receivables4,893 — — 4,893 4,893 Liabilities:Long-term debt$321,317 $— $— $366,396 $366,396 Exchangeable notes146,342 — 163,360 — 163,360 Secured borrowing176,089 — — 177,554 177,554  (1) Accrued interest receivable of $14.3 million, previously reported within “Fee and other receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation.

NOTE 11 - ORDINARY SHARES AND ORDINARY SHARE WARRANTS 

As of June 30, 2025, 839,999,998 shares with no par value are authorized, of which, 6,666,666 shares are designated as Preferred Shares, 666,666,666 shares are designated as Class A Ordinary Shares, and 166,666,666 shares are designated as Class B Ordinary Shares. As of June 30, 2025, the Company had 5,000,000 Preferred Shares outstanding, 64,873,392 Class A Ordinary Shares outstanding and 11