Ranpak Holdings Corp. 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Ranpak Holdings Corp. on June 3, 2021, reporting events occurring on June 1, 2021. The Company is incorporated in Delaware and its Class A Common Stock trades on the New York Stock Exchange under the symbol "PACK".
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The report focuses exclusively on the closing of a capital raising event.
Material Changes
On June 1, 2021, the Company closed a registered underwritten public offering. The transaction involved:
- The issuance and sale by the Company of 5,250,000 shares of Class A common stock.
- Inclusion of 750,000 shares sold pursuant to the underwriter's full exercise of its option to cover over-allotments.
- The sale by certain selling security holders of 500,000 shares of Class A common stock.
Davis Polk & Wardwell LLP issued an opinion regarding the validity of the shares issued and sold in the offering.
Guidance, Outlook, and Risks
The filing does not provide management commentary, forward-looking guidance, risk factors, or contingencies beyond the confirmation of the offering's closure and the legal validity of the shares.
Key Facts for Investor Verification
- Confirm the total number of shares issued by the Company (5,250,000) versus shares sold by selling security holders (500,000).
- Verify the full exercise of the underwriter's over-allotment option (750,000 shares).
- Review the legal opinion filed as Exhibit 5.1 regarding share validity.
- Note that this filing does not disclose the offering price or total proceeds raised.