10-Q Filing

Ranpak Holdings Corp. CIK: 1712463 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-010204`
Period End Date	20180630
Filing Date	20180806
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	omad-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 14 Cash Flow Statement 23 Stockholders Equity 10

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`	28.64M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$646.18K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$155.58K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$801.77K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.90K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	$868.92K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	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`	-	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$302.00M	USD	Point-in-time
Total Assets	`Assets`	$302.80M	USD	Point-in-time
Total Assets	`Assets`	$870.82K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$96.27K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$723.99K	USD	Point-in-time
Note payable - Sponsor	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Note payable - Sponsor	`NotesPayableRelatedPartiesClassifiedCurrent`	$92.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$816.83K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$96.27K	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; 28,640,610 shares (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,640,610 shares (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$286.41M	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`	$3.43M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$61.38K	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.52K	USD	Point-in-time
Retained earnings (Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.57M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$53.98K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$302.80M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$870.82K	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	2 Qtrs
Administration fee - related party	`AdministrationFeeRelatedParty`	$30.00K	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	$50.00K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$244.58K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$371.33K	USD	2 Qtrs
TOTAL EXPENSES	`OperatingExpenses`	$274.58K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$421.33K	USD	2 Qtrs
Interest income in Trust	`InvestmentIncomeInterest`	$1.27M	USD	1 Quarter
Interest income in Trust	`InvestmentIncomeInterest`	$2.00M	USD	2 Qtrs
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$2.00M	USD	2 Qtrs
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$1.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$990.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.58M	USD	2 Qtrs

Cash Flow Statement 23 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$990.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.58M	USD	2 Qtrs
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	$2.00M	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$155.58K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$47.50K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-529.42K	USD	2 Qtrs
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	$300.00M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-300.00M	USD	2 Qtrs
Proceeds from issuance of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$300.00M	USD	2 Qtrs
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	2 Qtrs
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	$6.00M	USD	2 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$733.45K	USD	2 Qtrs
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	2 Qtrs
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$56.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$301.17M	USD	2 Qtrs
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$644.29K	USD	2 Qtrs
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.18K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$646.18K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	$800.00K	USD	2 Qtrs
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	$10.50M	USD	2 Qtrs
Class A ordinary shares subject to possible redemption	`StockIssued1`	$286.41M	USD	2 Qtrs

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$53.98K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of Class A Ordinary Shares	`StockIssuedDuringPeriodValueNewIssues`	$300.00M	USD	2 Qtrs
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.23M	USD	2 Qtrs
Sale of private placement warrants	`StockIssuedDuringPeriodValueOther`	$8.00M	USD	2 Qtrs
Ordinary shares subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-286.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$990.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.58M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$53.98K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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