10-Q Filing

Ranpak Holdings Corp. CIK: 1712463 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-005784`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	omad-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 7 Cash Flow Statement 22 Stockholders Equity 9

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Class A ordinary shares subject to possible redemption, per share	`TemporaryEquityParOrStatedValuePerShare`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, per share	`TemporaryEquityParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Class A ordinary shares subject to possible redemption, shares issued	`TemporaryEquitySharesAuthorized`	-	shares	Point-in-time
Class A ordinary shares subject to possible redemption, shares issued	`TemporaryEquitySharesAuthorized`	28.54M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$184.47K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$870.82K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.08M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	$868.92K	USD	Point-in-time
Deferred offering costs	`DeferredCostsCurrent`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$300.74M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$870.82K	USD	Point-in-time
Total Assets	`Assets`	$301.82M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$723.99K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$103.32K	USD	Point-in-time
Note payable - sponsor	`NotesPayableRelatedPartiesClassifiedCurrent`	$92.84K	USD	Point-in-time
Note payable - sponsor	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$816.83K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$103.32K	USD	Point-in-time
Deferred legal fees payable	`DeferredLegalFeesPayable`	-	USD	Point-in-time
Deferred legal fees payable	`DeferredLegalFeesPayable`	$800.00K	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$11.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$816.83K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,541,545 shares (at approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,541,545 shares (at approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$285.42M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$61.38K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$580.10K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.52K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$53.98K	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$870.82K	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$301.82M	USD	Point-in-time

Income Statement 7 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`SalesRevenueNet`	-	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	$20.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$126.76K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$146.76K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$735.37K	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$735.37K	USD	1 Quarter
Net income	`NetIncomeLoss`	$588.62K	USD	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$588.62K	USD	1 Quarter
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	$735.37K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$184.47K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$248.25K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.97K	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	$300.00M	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-300.00M	USD	1 Quarter
Proceeds from issuance of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$300.00M	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	1 Quarter
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	$6.00M	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$927.15K	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$56.00K	USD	1 Quarter
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	1 Quarter
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$300.98M	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$897.03K	USD	1 Quarter
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	$800.00K	USD	1 Quarter
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	$10.50M	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	$285.42M	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$53.98K	USD	Point-in-time
Sale of Class A Ordinary Shares	`StockIssuedDuringPeriodValueNewIssues`	$300.00M	USD	1 Quarter
Underwriters' discount and offering exenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.23M	USD	1 Quarter
Sale of private placement warrants	`StockIssuedDuringPeriodValueOther`	$8.00M	USD	1 Quarter
Ordinary shares subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-285.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$588.62K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$53.98K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.