Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 63

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 63
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%19.5 %4.9 %31.0 %15.7 %Prepayment rate0.0 %40.0 %9.4 %4.0 %40.0 %9.9 %Financial Assets and Liabilities Not Recorded at Fair ValueThe Company believes that the carrying amount of cash, cash equivalents and restricted cash, fees and other receivables, accounts payables and other current liabilities approximate their fair value due to the short-term maturities of these instruments. The below tables contain information about assets that are not measured at fair value on a recurring basis as of December 31, 2024 and 2023 (in thousands): 

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Table of Contents

December 31, 2024Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssets:Cash, cash equivalents and restricted cash$226,518 $226,518 $— $— $226,518 Fees and other receivables141,404 — 63,773 77,631 141,404 Liabilities:Exchangeable notes146,342 — 163,360 — 163,360 

December 31, 2023Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssets:Cash, cash equivalents and restricted cash$222,541 $222,541 $— $— $222,541 Fees and other receivables113,707 — 36,622 77,085 113,707  

NOTE 15 - ORDINARY SHARES AND ORDINARY SHARE WARRANTS 

As of December 31, 2024, 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 December 31, 2024, the Company had 5,000,000 Preferred Shares outstanding, 61,227,672 Class A Ordinary Shares outstanding and 12,652,310 Class B Ordinary Shares outstanding. The rights of the holders of each class of Ordinary Shares are identical, except with respect to voting. Each share of Class A Ordinary Share is entitled to one vote per share. Each share of Class B Ordinary Share is entitled to 10 votes