Company: PGYWW
Filing Date: 2025-12-05
Form Type: S-3ASR
Source: 0000950103-25-015781
Chunk: 10

Company: Pagaya Technologies Ltd.
Filing Date: 2025-12-05
Form: S-3ASR
Chunk 10
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 extent required by law. We have identified some of the important factors that could cause future
events to differ from our current expectations and they are described in this prospectus, the documents incorporated by reference into
this prospectus and any applicable prospectus supplement under the caption “Risk Factors,” including our most recent
Annual Report on Form 10-K, and any updates in our Quarterly Reports on Form 10-Q, all of which you should review carefully. Please consider
our forward-looking statements in light of those risks as you read this prospectus, the documents incorporated by reference and any applicable
prospectus supplement.

You should read this prospectus, any applicable
prospectus supplement, together with the documents we have filed with the SEC that are incorporated by reference and any free writing
prospectus that we may authorize for use in connection with a specific offering completely and with the understanding that our actual
future results may be materially different from what we expect. We qualify all of the forward-looking statements in the foregoing documents
by these cautionary statements.

In addition, statements that “we believe”
and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available
to us as of the date of this prospectus, and while we believe such information forms a reasonable basis for such statements, such information
may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to
unduly rely upon these statements.

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PROSPECTUS SUMMARY</div>

This summary highlights selected information and does not contain all of the information that is important to you. This summary is qualified in its entirety by the more detailed information included in or incorporated by reference into this prospectus. Before making your investment decision with respect to our securities, you should carefully read this entire prospectus, any applicable prospectus supplement and the documents referred to in “Information Incorporated by Reference” and “Where You Can Find More Information.”

Overview

Pagaya’s mission is to deliver more financial
opportunity to more people, more often. We believe our mission will be accomplished by becoming the trusted lending technology partner
for the consumer finance ecosystem, with an expansive product suite (the fee-generating side of our business) fueled by effective and
efficient capital and risk management (the capital efficiency side of our business). Both sides of our business working harmoniously