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Fair Value Measurements (Tables) - AJAX I [Member]
5 Months Ended 6 Months Ended
Dec. 31, 2020
Jun. 30, 2021
Fair Value Measurements (Tables) [Line Items]    
Schedule of assets and liabilities measured at fair value on recurring basis

Description

 

Level

 

December 31,
2020

Assets:

     

 

 

Marketable securities held in Trust Account

 

1

 

$

805,100,267

Liabilities

     

 

 

Warrant Liability – Public Warrants

 

1

 

$

66,009,252

Warrant Liability – Private Warrants

 

3

 

$

89,590,428

Description

 

Level

 

June 30,
2021

 

December 31, 2020

Assets:

     

 

   

 

 

Marketable securities held in Trust Account

 

1

 

$

805,244,565

 

$

805,100,267

Liabilities

     

 

   

 

 

Warrant Liability – Public Warrants

 

1

 

$

37,633,324

 

$

66,009,252

Warrant Liability – Private Warrants

 

3

 

$

53,669,738

 

$

89,590,428

Schedule of public warrants and the black-scholes-merton model for the private placement warrants
 

October 30, 2020
(Initial Measurement)

Input

 

Public
Warrants

 

Private
Warrants

Risk-free interest rate

 

 

0.51

%

 

 

0.72

%

Expected term (years)

 

 

1

 

 

 

8

 

Expected volatility

 

 

17.5

%

 

 

17.5

%

Exercise price

 

$

11.50

 

 

$

11.50

 

Fair value of Units

 

$

10.08

 

 

$

9.79

 

 
Schedule of changes in the fair value of warrant liabilities
 

Private
Placement
(1)

 

Public

 

Warrant
Liabilities

Fair value –

 

$

 

$

 

$

Initial measurement on October 30, 2020 (IPO)

 

 

32,328,622

 

 

23,143,488

 

 

55,472,110

Change in valuation inputs or other assumptions

 

 

57,261,806

 

 

42,865,764

 

 

100,127,570

Fair value as of December 31, 2020

 

$

89,590,428

 

$

66,009,252

 

$

155,599,680

(1)      As a result of the difference in fair value of $1.53 per share of the Private Placement warrants and the purchase of $1.00 per share (see Note 5), the Company recorded a charge of $11.2 million as of the date of the Private Placement which is included in the private placement liability initial measurement within this table but is reported as part of the change in fair value of the warrant liability in the statement of operations.

 

Private Placement

 

Public

 

Warrant Liabilities

Fair value as of December 31, 2020

 

$

89,590,428

 

 

$

66,009,252

 

 

$

155,599,680

 

Change in valuation inputs or other assumptions

 

 

(35,920,690

)

 

 

(28,375,928

)

 

 

(64,296,618

)

Fair value as of June 30, 2021

 

$

53,669,738

 

 

$

37,633,324

 

 

$

91,303,062

 

Schedule of fair value of private placement warrants estimated using black-scholes option pricing model
 

December 31,
2020

Expected volatility

 

 

30.6

%

Risk-free interest rate

 

 

0.73

%

Expected term (years)

 

 

7.82

 

Fair value per share of Class A ordinary shares

 

$

11.80

 

 

June 30,
2021

 

December 31, 2020

Expected volatility

 

 

26.4

%

 

 

30.6

%

Risk-free interest rate

 

 

1.22

%

 

 

0.73

%

Expected term (years)

 

 

7.00

 

 

 

7.82

 

Fair value per share of Class A ordinary shares

 

$

9.96

 

 

$

11.80