Company: PGYWW
Filing Date: 2025-12-05
Form Type: S-3ASR
Source: 0000950103-25-015781
Chunk: 4

Company: Pagaya Technologies Ltd.
Filing Date: 2025-12-05
Form: S-3ASR
Chunk 4
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ERATIONS                                  | 38 |
| LEGAL MATTERS                                                                | 44 |
| EXPERTS                                                                      | 44 |
| INFORMATION INCORPORATED BY REFERENCE                                        | 45 |
| WHERE YOU CAN FIND MORE INFORMATION                                          | 46 |
| ENFORCEABILITY OF CIVIL LIABILITIES                                          | 47 |

<div align='center'>i

ABOUT THIS PROSPECTUS</div>

This prospectus is part of a registration statement
that we filed with the Securities and Exchange Commission (“SEC”), utilizing a “shelf” registration process. Under
this shelf process, we and the Selling Securityholders may, from time to time, issue, offer and sell, as applicable, any combination of
the securities described in this prospectus in one or more offerings. This prospectus provides you with a general description of the securities
we and the Selling Securityholders may issue, offer and sell, as applicable. More specific terms of any securities that the Selling Securityholders
offer and sell may be provided in a prospectus supplement that describes, among other things, the specific amounts and prices of the Class
A Ordinary Shares being offered and the terms of the offering. The prospectus supplement may also add, update or change information included
in or incorporated by reference into this prospectus. Any statement contained in or incorporated by reference into this prospectus will
be deemed to be modified or superseded for purposes of this prospectus to the extent that a statement contained in such prospectus supplement
modifies or supersedes such statement. Any statement so modified will be deemed to constitute a part of this prospectus only as so modified,
and any statement so superseded will be deemed not to constitute a part of this prospectus. You should read both this prospectus and any
prospectus supplement together with additional information described under the headings “Information Incorporated by Reference”
and “Where You Can Find More Information.”

Neither we nor the Selling Securityholders have
authorized anyone to provide any information or to make any representations other than those contained in or incorporated by reference
into this prospectus, any accompanying prospectus supplement or any free writing prospectus we have prepared. We and the Selling Securityholders
take no responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. This
prospectus is an offer to sell only the securities offered hereby and only under circumstances and in jurisdictions where it is lawful
to do so. No dealer, salesperson or other person is authorized