Pagaya (PGY) is taking a number of steps intended to improve the marketability of their stock.
- As an Israeli company they are not required to file 8-K, 10-Q, etc. However, starting with 1Q24 they will file all the SEC required US issuer forms.
- It is the intention of the board to implement a reverse split on the order of 10:1 - 15:1 depending upon shareholder approval and market conditions. The reverse split will cause the stock price to conform to acquisition requirements of most institutional investors.
- They will move the corporate headquarters to NYC as most of their business and investors are located in the US.
I do not hold Pagaya stock, but I do hold some PGY LEAPs.