Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains, today announced that the underwriters of its Class A common stock offering have exercised in full their over-allotment option to purchase an additional 750,000 shares from Ranpak at $21.00 per share, prior to deducting underwriting discounts and commissions. After giving effect to the exercise of the over-allotment option, total shares sold in the offering consist of 5,250,000 shares offered by Ranpak and 500,000 shares offered by certain selling security holders of Ranpak (the “Selling Security Holders”), resulting in gross proceeds of approximately $110.3 million to Ranpak and approximately $10.5 million to the Selling Security Holders. The offering is expected to close on June 1, 2021, subject to customary closing conditions.
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