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Pagaya Technologies .(PGY) - 2022 Q2 - Quarterly Report

Exhibit 99.4 RISK FACTORS You should carefully consider the following risk factors before investing in our securities. Certain factors may have a material adverse ef ect on our business, financial conditions and results of operations. The risks and uncertainties described below disclose both material and other risks and uncertainties, and are not intended to be exhaustive and are not the only ones we face. Additional risks and uncertainties that we are unaware of, or that we currently believe to be immateri ...