AJAX SEC filings, in plain English
Everything Ajax I has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
- What changed vs 2021-05-18trust $805.2M → $805.2M +0%shares 69.0M → 80.5M +17%
trust account, redeemable shares, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $805.2M$805.2M
- Redeemable shares
- 69.0M80.5M
- Combination deadline
- 2022-10-30 · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as $2,786 was added to the trust between the two filings.
The clause “331,178 Total current assets 4,335,391 3,964,533 Cash and marketable securities held in Trust Account 805,244,565 805,100,267 TOTAL ASSETS $ 809,579,956 $ 809,064,800 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities – accrued”…
SpacBrain reads this as 11,461,074 more shares carry a redemption right.
The clause “00 shares authorized; 0 and 18,487,578 shares issued and outstanding (excluding 80,499,090 and 62,011,512 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively. — 1,849 Class B ordinary shares, $”…
The clause …“if the Company fails to complete a Business Combination. The Company will have until October 30, 2022 (the “Combination Period”) to complete a Business Combination. If the Company is unable to complete a Business Combination within”…
The clause “June 30, 2021, there was no outstanding balance under the Promissory Note. The outstanding balance under the Promissory Note of $ 500,000 was repaid at the closing of the Initial Public Offering on October 30, 2020. Related Party Loans”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Ajax I issued definitive merger materials for an annual general meeting at 10:00 a.m. Eastern time on August 18, 2021, held as a hybrid meeting with its physical location at Kirkland & Ellis LLP in Houston. The business combination is under the Business Combination Agreement dated March 29, 2021 as amended by a First Amendment dated May 14, 2021 among Ajax, Cazoo Holdings Limited and Capri Listco, and begins with MaplesFS Limited transferring its Listco shares to Ajax at least three business days before the closing. Why it matters: The vote is put at an annual general meeting rather than a special meeting, so the combination travels with ordinary annual business. The registration fee of $385,083.98 was paid by Capri Listco on a Form F-4, which is the tell that a Cayman holder ends up in a foreign private issuer rather than a domestic registrant. The structure begins with the sole shareholder of Listco handing its shares to Ajax before closing, so the listed vehicle is assembled in steps rather than merging directly with Cazoo.
minimum cash conditionnothing moved · 1 with no prior record of ours
- Minimum cash condition
- no earlier filing$1.00B
SpacBrain reads this as the min-cash condition binds at $1,000,000,000.
The clause …“and shareholder approvals and other customary closing conditions. The minimum cash condition amount of $1 billion was negotiated by Ajax and Cazoo to reflect Ajax’s desire to provide sufficient primary proceeds to fund the”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2020-12-10going concern RESOLVED
going-concern doubt, trust account, redeemable shares +21 moved · 4 with no prior record of ours
- Going-concern doubt
- statednot stated
- Trust account
- not previously extracted$805.2M
- Redeemable shares
- not previously extracted69.0M
- Combination deadline
- 2022-10-30 · unchanged
- Sponsor loans outstanding
- $500K · unchanged
SpacBrain reads this as the substantial-doubt sentence is in the previous filing and not in this one.
The clause “331,178 Total current assets 3,225,958 3,964,533 Cash and marketable securities held in Trust Account 805,241,779 805,100,267 TOTAL ASSETS $ 808,467,737 $ 809,064,800 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities - accrued”…
The clause …“11,461,074 and 18,487,578 shares issued and outstanding (excluding 69,038,016 and 62,011,512 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively. 1,146 1,849 Class B ordinary”…
The clause …“if the Company fails to complete a Business Combination. The Company will have until October 30, 2022 (the “Combination Period”) to complete a Business Combination. If the Company is unable to complete a Business Combination within”…
The clause …“March 31, 2021, there was $275,000 outstanding under the Promissory Note. The outstanding balance under the Promissory Note of $500,000 was repaid at the closing of the Initial Public Offering on October 30, 2020. Related Party Loans In”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: First annual report, covering inception on August 13, 2020 through December 31, 2020, after the October 30, 2020 IPO of 80,499,090 units including a partial over-allotment. Trust held $805,100,267 at December 31, 2020, including $97,827 of interest and an $11,540 unrealised gain. Cash outside trust was $633,355 against unusually large prepaid expenses of $3,331,178 and only $91,069 of accrued expenses; deferred underwriting was $28,174,682. 77,569,366 Class A shares were redeemable at $775,799,047, with 8,944,343 Class B outstanding. Net loss was $427,298. Why it matters: The capital structure remains the distinguishing feature: 8,944,343 founder shares against 80,499,090 public shares is roughly a 10 percent promote, half the market norm, which leaves materially more post-combination equity with public holders. Trust is a bare $10.00 per share. Cash outside trust is only $633,355, but $3.3 million of prepaid expenses, largely insurance, means the real near-term burn is already funded. The deadline is October 30, 2022 and no going-concern doubt is asserted.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.