Great Ajax Corp (AJX)

Great Ajax Corp. Stock (AJX) dropped by 30.77% from $6.37 to $4.41 in the trading on Monday October 23, 2023. The reason why AJX stock down today is due to the mutual termination of merger agreement. Ellington Financial (EFC) and Great Ajax (AJX) jointly announced that they agreed to terminate the merger agreement announced on July 3. In addition, Ellington Financial agreed to pay Great Ajax $16M of which $5M was payable in cash, and $11M was paid as consideration for 1.67 shares of Great Ajax common stock.