Registration of securities issued in business combination transactions

FAIR VALUE MEASUREMENTS (Tables)

v3.21.1
FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2020
FAIR VALUE MEASUREMENTS  
Schedule of assets measured at fair value on a recurring basis

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2020 and 2019, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

 

 

 

 

 

 

 

 

 

 

    

 

    

December 31, 

    

December 31, 

Description

 

Level

 

2020

 

2019

 

 

 

 

 

 

 

 

 

Assets:

 

  

 

 

 

 

 

  

Cash and marketable securities held in Trust Account

 

1

 

$

696,957,196

 

$

695,295,418

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Warrant Liabilities – Public Warrants

 

1

 

 

45,310,000

 

 

32,660,000

Warrant Liabilities – Private Placement Warrants

 

3

 

 

32,548,000

 

 

23,700,000

Prosus subscription agreement liability

 

3

 

 

50,481,190

 

 

 —

Conversion option liability

 

3

 

 

1,604,359

 

 

 —

 

Schedule of fair value of warrant liabilities

 

 

 

 

 

 

 

 

 

 

 

    

Private Placement

    

Public

    

Warrant Liabilities

Fair value as of April 11, 2019 (inception)

 

$

 —

 

$

 —

 

$

 —

Initial measurement on July 1, 2019

 

 

15,800,000

 

 

22,310,000

 

 

38,110,000

Change in valuation inputs or other assumptions

 

 

7,900,000

 

 

10,350,000

 

 

18,250,000

Fair value as of December 31, 2019

 

 

23,700,000

 

 

32,660,000

 

 

56,360,000

Change in valuation inputs and other assumptions

 

 

8,848,000

 

 

12,650,000

 

 

21,498,000

Fair value as of December 31, 2020

 

$

32,548,000

 

$

45,310,000

 

$

77,858,000