Ranpak Holdings Corp. (PACK) - Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K, dated June 3, 2019, reports the consummation of a business combination by Ranpak Holdings Corp. (formerly One Madison Corporation). The Company, a Delaware corporation, completed the acquisition of Rack Holdings L.P. and its subsidiary, Rack Holdings, Inc., through its wholly owned subsidiary, Ranger Packaging LLC.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity figures. This report focuses on the corporate event of the business combination rather than periodic financial performance.
Material Changes
- Corporate Name Change: The Company officially changed its name from "One Madison Corporation" to "Ranpak Holdings Corp."
- Trading Symbols: As of the open of trading on June 3, 2019, Class A Common Stock began trading on the New York Stock Exchange under the ticker "PACK," and Warrants began trading under the ticker "PACK.WS."
- Acquisition: The Company acquired all issued and outstanding equity interests of Rack Holdings.
Outlook, Risks, and Management Commentary
The filing confirms the execution of the previously announced "Ranpak Business Combination" pursuant to a Stock Purchase Agreement. No specific forward-looking guidance, risk factors, or management commentary regarding future financial performance is included in this specific document.
Key Facts for Investor Verification
- Verify the post-merger capital structure and share count on the NYSE under ticker "PACK."
- Confirm the exercise price of the warrants ("PACK.WS") is $11.50 per share as stated.
- Review the definitive Stock Purchase Agreement for details on the purchase price and consideration paid to the Seller.
- Check subsequent filings (e.g., 10-K or 10-Q) for the first consolidated financial results of the combined entity.