Company: PGYWW
Filing Date: 2025-12-05
Form Type: S-3ASR
Source: 0000950103-25-015781
Chunk: 87

Company: Pagaya Technologies Ltd.
Filing Date: 2025-12-05
Form: S-3ASR
Chunk 87
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 the effective registration statement; and                                                                        |

| (iii) | To include any material information with respect to the plan of distribution not previously disclosed in the registration statement 
 or any material change to such information in the registration statement;                                                           |

provided, however, that paragraphs (a)(1)(i), (a) (1)(ii)
and (a)(1)(iii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained
in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Exchange Act that
are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that
is part of the registration statement.

| (2) | That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to    
 be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be 
 deemed to be the initial bona fide offering thereof.                                                                                  |

| (3) | To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the 
 termination of the offering.                                                                                                         |

| (4) | That, for the purpose of determining liability under the Securities Act to any purchaser: |

| (i) | Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of 
 the date the filed prospectus was deemed part of and included in the registration statement; and                                  |

| (ii) | Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance              
 on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required    
 by Section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the        
 date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering          
 described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, 
 such date