FAIR VALUE MEASUREMENTS (Tables)
|
3 Months Ended |
Mar. 31, 2021 |
|---|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of assets measured at fair value on a recurring basis |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31,
|
|
December 31,
|
|
Description
|
|
Level
|
|
2021
|
|
2020
|
|
Assets:
|
|
|
|
|
|
|
|
|
|
Marketable securities held in Trust Account
|
|
1
|
|
$
|
697,018,229
|
|
$
|
696,957,196
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
|
|
|
Warrant liability – Public Warrants
|
|
1
|
|
|
33,810,000
|
|
|
45,310,000
|
|
Warrant liability – Private Placement Warrants
|
|
3
|
|
|
26,702,000
|
|
|
32,548,000
|
|
Prosus Agreement liability
|
|
3
|
|
|
24,532,413
|
|
|
50,481,190
|
|
Conversion option liability
|
|
3
|
|
|
1,632,013
|
|
|
1,604,359
|
|
| Schedule of fair value of warrant liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Private
|
|
|
|
|
|
|
|
|
|
Placement
|
|
Public
|
|
Warrant
|
|
|
|
Warrants
|
|
Warrants
|
|
Liabilities
|
|
January 1, 2021
|
|
$
|
32,548,000
|
|
$
|
45,310,000
|
|
$
|
77,858,000
|
|
Change in valuation inputs or other assumptions
|
|
|
(5,846,000)
|
|
|
(11,500,000)
|
|
|
(17,346,000)
|
|
Fair value as of March 31, 2021
|
|
|
26,702,000
|
|
|
33,810,000
|
|
|
60,512,000
|
|
| Private Placement Warrants |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of quantitative information regarding Level 3 fair value measurements inputs |
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31,
|
|
As of March 31,
|
|
|
|
|
2020
|
|
2021
|
|
|
Exercise price
|
|
$
|
11.50
|
|
$
|
11.50
|
|
|
Stock price
|
|
$
|
10.35
|
|
$
|
10.00
|
|
|
Volatility
|
|
|
30.0
|
%
|
|
25
|
%
|
|
Probability of completing a Business Combination
|
|
|
85.0
|
%
|
|
90
|
%
|
|
Term
|
|
|
5.11
|
|
|
5.08
|
|
|
Risk-free rate
|
|
|
0.38
|
%
|
|
0.94
|
%
|
|
Dividend yield
|
|
|
0.0
|
%
|
|
0.0
|
%
|
|
| Prosus Agreement Liability |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of fair value of warrant liabilities |
|
|
|
|
|
|
Fair value as of January 1, 2021
|
|
$
|
50,481,190
|
|
Change in valuation inputs and other assumptions
|
|
|
(25,948,777)
|
|
Fair value as of March 31, 2021
|
|
$
|
24,532,413
|
|
| Conversion Option Liabilities |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of fair value of warrant liabilities |
|
|
|
|
|
|
Fair value as of January 1, 2021
|
|
$
|
1,604,359
|
|
Change in valuation inputs and other assumptions
|
|
|
27,654
|
|
Fair value as of March 31, 2021
|
|
$
|
1,632,013
|
|
| Black-Scholes Valuation | Private Placement Warrants |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of quantitative information regarding Level 3 fair value measurements inputs |
|
|
|
|
|
|
|
|
|
|
|
|
As of December 31,
|
|
As of March 31,
|
|
|
|
|
2020
|
|
2021
|
|
|
Exercise price
|
|
$
|
11.50
|
|
$
|
11.50
|
|
|
Stock price
|
|
$
|
10.35
|
|
$
|
10.00
|
|
|
Volatility
|
|
|
30.0
|
%
|
|
25.0
|
%
|
|
Probability of completing a Business Combination
|
|
|
85.0
|
%
|
|
90
|
%
|
|
Term
|
|
|
5.11
|
|
|
5.08
|
|
|
Risk-free rate
|
|
|
0.38
|
%
|
|
0.94
|
%
|
|
Dividend yield
|
|
|
0.0
|
%
|
|
0.0
|
%
|
|
| Black-Scholes Valuation | Prosus Agreement Liability |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of quantitative information regarding Level 3 fair value measurements inputs |
|
|
|
As of December 31,
|
|
As of March 31,
|
|
|
|
|
2020
|
|
2021
|
|
|
Exercise price
|
|
$
|
*500.0
|
M
|
$
|
500.0
|
M
|
|
Underlying value
|
|
$
|
550.3
|
M
|
$
|
524.5
|
M
|
|
Term
|
|
|
0.33
|
|
|
0.08
|
|
|
Risk-free rate
|
|
|
0.09
|
%
|
|
0.08
|
%
|
|
Dividend yield
|
|
|
0.00
|
%
|
|
N/A
|
|
(*) M is defined as million.
|
| Black-Scholes Valuation | Conversion Option Liabilities |
|
| Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |
|
| Schedule of quantitative information regarding Level 3 fair value measurements inputs |
|
|
|
As of December 31,
|
|
As of March 31,
|
|
|
|
|
2020
|
|
2021
|
|
|
Exercise price
|
|
$
|
1.00
|
|
$
|
1.00
|
|
|
Underlying warrant value
|
|
$
|
2.06
|
*
|
$
|
2.09
|
*
|
|
Volatility
|
|
|
110.0
|
%
|
|
115.0
|
%
|
|
Number of Class A Shares
|
|
|
*1.5
|
M
|
|
1.5
|
M
|
|
Term
|
|
|
0.11
|
|
|
0.08
|
|
|
Risk-free rate
|
|
|
0.08
|
%
|
|
0.01
|
%
|
|
Dividend yield
|
|
|
0.0
|
%
|
|
0.0
|
%
|
(*) M is defined as million.
|