Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 31

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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Level 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 11,288,577 Class B Ordinary Shares outstanding. The rights of the holders of each class of Ordinary Shares are identical, except with respect to voting. Each Class A Ordinary Share is entitled to one vote per share. Each Class B Ordinary Share is entitled to 10 votes per share. Class B Ordinary Shares may be converted at any time at the option of the stockholder and automatically convert upon sale or transfer to a Class A Ordinary Share.  As of June 30, 2025 and December 31, 2024, the Company had reserved ordinary shares for future issuance as follows: June 30, 2025December 31, 2024Share options3,466,6784,042,901Options to restricted shares19,909,51119,948,408RSUs3,321,9033,009,918Ordinary share