Company: PGYWW
Filing Date: 2025-07-17
Form Type: 8-K
Source: 0001883085-25-000140
Chunk: 0

Company: Pagaya Technologies Ltd.
Filing Date: 2025-07-17
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01 Other Events.

Emerging Growth Company Status

On the last business day of the second quarter in 2025, the aggregate market value of the Company’s shares of common stock held by non-affiliate stockholders exceeded $700 million. As a result, as of December 31, 2025, the Company will be considered a “large accelerated filer” as defined in Rule 12b-2 under the Exchange Act, and will cease to be an emerging growth company. Due to loss of emerging growth company status, the Company will no longer be exempt from the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act, and its independent registered public accounting firm will evaluate and report on the effectiveness of internal control over financial reporting for the fiscal year 2025.

Foreign Private Issuer Status

The Company was previously classified as a “foreign private issuer” (“ FPI”) under Securities and Exchange Commission (“ SEC”) rules; however, as of June 30, 2025, the Company determined that it no longer satisfied the criteria to be an FPI. Consequently, the Company will be required to comply with all of the provisions applicable to a U. S. domestic issuer under the Exchange Act. There will be no material adjustments required as a result of this adjustment since the Company has decided to voluntarily file on U. S. domestic issuer forms with the SEC beginning in 2024. Since then, the Company has been filing its quarterly reports on Form 10-Q, current reports on Form 8-K, and its annual reports on Form 10-K. In addition, the Company has been complying with Regulation FD and the SEC’s proxy rules, with the exception of the “short-swing” profit recovery provisions of Section 16 of the Exchange Act. Beginning on January 1, 2026, the Company’s officers, directors, and principal shareholders will be subject to the “short-swing” profit recovery provisions of Section 16 of the Exchange Act with respect to their purchases and sales of the Ordinary Shares.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

  Exhibit No.      Description                                                                   
         99.1      Press Release, dated July 17, 2025                                            
 ─────────────────────────────────────────────────────────────────────────────────────────────────
          104      Cover Page Interactive Data File (embedded within the Inline XBRL document).  

SIGNATURES

Pursuant to the requirements of the Securities