| 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 March 31, 2021 and December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:
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March 31,
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December 31,
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Description
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Level
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2021
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2020
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Assets:
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Marketable securities held in Trust Account
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1
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$
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697,018,229
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$
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696,957,196
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Liabilities:
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Warrant liability-Public Warrants
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1
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33,810,000
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45,310,000
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Warrant liability-Private Placement Warrants
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3
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26,702,000
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32,548,000
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Prosus Agreement liability
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3
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24,532,413
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50,481,190
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Conversion option liability
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3
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1,632,013
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1,604,359
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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:
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December 31,
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December 31,
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Description
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Level
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2020
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2019
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Assets:
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Cash and marketable securities held in Trust Account
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1
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$
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696,957,196
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$
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695,295,418
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Liabilities:
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Warrant Liabilities – Public Warrants
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1
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45,310,000
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32,660,000
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Warrant Liabilities – Private Placement Warrants
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3
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32,548,000
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23,700,000
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Prosus subscription agreement liability
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3
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50,481,190
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—
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Conversion option liability
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3
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1,604,359
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—
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| Schedule of fair value of warrant liabilities |
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Private Placement
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Public
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Warrants
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Warrants
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Warrant Liabilities
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January 1, 2021
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$
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32,548,000
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$
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45,310,000
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$
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77,858,000
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Change in valuation inputs or other assumptions
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(5,846,000)
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(11,500,000)
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(17,346,000)
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Fair value as of March 31, 2021
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26,702,000
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33,810,000
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60,512,000
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Private Placement
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Public
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Warrant Liabilities
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Fair value as of April 11, 2019 (inception)
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$
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—
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$
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—
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$
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—
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Initial measurement on July 1, 2019
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15,800,000
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22,310,000
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38,110,000
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Change in valuation inputs or other assumptions
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7,900,000
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10,350,000
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18,250,000
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Fair value as of December 31, 2019
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23,700,000
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32,660,000
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56,360,000
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Change in valuation inputs and other assumptions
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8,848,000
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12,650,000
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21,498,000
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Fair value as of December 31, 2020
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$
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32,548,000
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$
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45,310,000
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$
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77,858,000
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