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Liquidated

Ajax I

CIK 0001824963

Cash in trust

$805.2M

$805,244,565

Trust per share

Redemption value

IPO

Oct 2020

Combination deadline

Not disclosed

Filings on record

70

Latest Feb 14, 2022

Overview

Ajax I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001824963. It completed its initial public offering in Oct 2020. The vehicle is sponsored by Ajax Capital through Ajax I Holdings, LLC. The mandate targets generalist. Deadline lapsed without a deal; trust returned to public shareholders.

we intend to acquire.
The mandate, as stated in the IPO prospectus

Reading the filings

Arithmetic on what Ajax I has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Underwriting

    Goldman Sachs led the offering. It has been named on 63 SPAC IPOs, book-running 39 of them, and 4.8% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

SEC filing history

Free tier: filings older than 24 hours
  • SC 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001104659-22-021370

    Feb 14, 2022

    4y ago

    Open filing
  • SC 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001567619-22-003572

    Feb 11, 2022

    4y ago

    Open filing
  • 25-NSE

    Notification of delisting

    Accession 0000876661-21-001242

    Aug 27, 2021

    5y ago

    Open filing
  • SC 13G/A

    SCHEDULE 13G/A (AMENDMENT)

    Accession 0001376474-21-000281

    Aug 19, 2021

    5y ago

    Open filing
  • 8-K

    Submission of matters to a vote of security holders; Other events

    Items 5.07, 8.01 · Accession 0001213900-21-043739

    Aug 18, 2021

    5y ago

    Open filing
  • 8-K

    Other events

    Item 8.01 · Accession 0001213900-21-043285

    Aug 17, 2021

    5y ago

    Open filing
  • SC 13G

    Beneficial ownership report (passive)

    Accession 0001376474-21-000265

    Aug 13, 2021

    5y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-21-042109

    Aug 12, 2021

    5y ago

    Open filing
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001213900-21-041504

    Aug 11, 2021

    5y ago

    Open filing
  • 8-K

    Other events

    Item 8.01 · Accession 0001213900-21-041503

    Aug 11, 2021

    5y ago

    Open filing
  • DEFA14A

    Additional proxy soliciting material

    Accession 0001213900-21-039701

    Aug 2, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-038731

    Jul 26, 2021

    5y ago

    Open filing
  • DEFM14A

    Definitive merger proxy statement

    Accession 0001213900-21-038617

    Jul 26, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-038300

    Jul 23, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-037478

    Jul 19, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-034946

    Jun 30, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-033423

    Jun 21, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-033137

    Jun 21, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-031555

    Jun 8, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-031554

    Jun 8, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-031437

    Jun 8, 2021

    5y ago

    Open filing
  • 8-K

    Regulation FD disclosure

    Items 7.01, 9.01 · Accession 0001213900-21-031431

    Jun 8, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-029109

    May 25, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-028463

    May 21, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-027464

    May 18, 2021

    5y ago

    Open filing
  • 10-Q

    Quarterly report

    Accession 0001213900-21-027356

    May 17, 2021

    5y ago

    Open filing
  • NT 10-Q

    Late quarterly report notification

    Accession 0001213900-21-027351

    May 17, 2021

    5y ago

    Open filing
  • 8-K

    Entry into a material definitive agreement; Regulation FD disclosure

    Items 1.01, 7.01, 9.01 · Accession 0001213900-21-026546

    May 14, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-026556

    May 14, 2021

    5y ago

    Open filing
  • 425

    Business-combination communication

    Accession 0001213900-21-026547

    May 14, 2021

    5y ago

    Open filing

Ajax I: questions answered

What is Ajax I?

Ajax I is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0001824963. It completed its initial public offering in Oct 2020. The vehicle is sponsored by Ajax Capital through Ajax I Holdings, LLC. The mandate targets generalist. Deadline lapsed without a deal; trust returned to public shareholders.

How much does Ajax I hold in trust?

Approximately $805,244,565, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Ajax I complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Ajax I does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Ajax I, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

Is the trust value the same as the share price for Ajax I?

No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.

How much dilution do Ajax I's founder shares and warrants create?

Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Ajax I, and what is their track record?

Ajax I Holdings, LLC is the sponsor entity, part of the Ajax Capital franchise. This is the only vehicle we have attributed to that sponsor.

Which banks underwrote the Ajax I IPO?

Goldman Sachs, Citigroup, J.P. Morgan, PJT Partners, LionTree Advisors, Academy Securities, Blaylock Van, CastleOak Securities, C.L. King & Associates, Loop Capital Markets, Ramirez & Co., Roberts & Ryan, Siebert Williams Shank, Tigress Financial. Goldman Sachs and Citigroup and J.P. Morgan and Academy Securities and Blaylock Van and CastleOak Securities and C.L. King & Associates and Loop Capital Markets and Ramirez & Co. and Roberts & Ryan and Siebert Williams Shank and Tigress Financial were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Ajax I a good investment?

That is not a question this site answers. Ajax I is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Ajax I data come from?

Filings Ajax I submitted to the SEC under CIK 0001824963: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Sep 4, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.