UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01 | Other Events |
On May 26, 2021, Ranpak Holdings Corp. (the “Company” or “Ranpak”) announced the pricing of a registered underwritten public offering of 5,000,000 shares of its Class A common stock, which includes 4,500,000 shares offered by the Company and 500,000 shares offered by certain selling security holders of the Company (the “Selling Security Holders”), at a public offering price of $21.00 per share, for gross proceeds of approximately $94.5 million to the Company and approximately $10.5 million to the Selling Security Holders. In addition, Ranpak granted the underwriters a 30-day option to purchase 750,000 additional shares, to cover over-allotments, if any. The offering is expected to close on June 1, 2021, subject to customary closing conditions. Ranpak intends to use the net proceeds of the proposed offering for the repayment of indebtedness (consisting of certain amounts drawn under our First Lien Dollar Term Facility) and general corporate purposes. The Company will not receive any of the proceeds from the sale of the shares being offered by the Selling Security Holders.
The Company issued a press release announcing the pricing of the registered underwritten public offering, which is included in this Current Report on Form 8-K as Exhibit 99.1 and is incorporated into this Item 8.01 by reference.
| Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
| Exhibit No. | Description | |
| 99.1(**) | Press release dated May 26, 2021 | |
| 104(*) | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |
| (*) | Furnished herewith |
| (**) | Filed herewith |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Ranpak Holdings Corp. | ||||
| Date: | May 27, 2021 | By: | /s/ William Drew | |
| William Drew | ||||
| Senior Vice President and Chief Financial Officer | ||||
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