10-Q Filing

Ranpak Holdings Corp. CIK: 1712463 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001213900-18-015087`
Period End Date	20180930
Filing Date	20181108
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	omad-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 24 Cash Flow Statement 53 Stockholders Equity 11

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
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, per share	`TemporaryEquityParOrStatedValuePerShare`	-	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`	28.77M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$538.68K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	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`	$47.27K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$126.68K	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
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$665.36K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Deferred offering costs	`DeferredCosts`	$868.92K	USD	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`	$303.46M	USD	Point-in-time
Total Assets	`Assets`	$870.82K	USD	Point-in-time
Total Assets	`Assets`	$304.12M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$723.99K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$111.64K	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`	$111.64K	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`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$11.41M	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; 28,771,091 shares (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,771,091 shares (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$287.71M	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`	$2.10M	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`	$2.90M	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`	$304.12M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$870.82K	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	3 Qtrs
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	$80.00K	USD	3 Qtrs
Administration fee - related party	`AdministrationFeeRelatedParty`	$30.00K	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$102.33K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$473.66K	USD	3 Qtrs
Formation and operating costs	`OtherCostAndExpenseOperating`	$8.46K	USD	1 Quarter
Formation and operating costs	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Formation and operating costs	`OtherCostAndExpenseOperating`	-	USD	3 Qtrs
TOTAL EXPENSES	`OperatingExpenses`	$132.33K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$8.46K	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$553.66K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.46M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.46M	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$1.46M	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	-	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$3.46M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-8.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.90M	USD	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-8.46K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.90M	USD	3 Qtrs
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	$3.46M	USD	3 Qtrs
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$126.68K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$62.88K	USD	3 Qtrs
Accrued formation and offering cost	`IncreaseDecreaseInOtherAccruedLiabilities`	$6.98K	USD	1 Quarter
Accrued formation and offering cost	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-617.46K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.48K	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	$300.00M	USD	3 Qtrs
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net Cash Used In Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-300.00M	USD	3 Qtrs
Proceeds from issuance of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$300.00M	USD	3 Qtrs
Proceeds from issuance of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	3 Qtrs
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	-	USD	1 Quarter
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	$6.00M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$752.91K	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$62.25K	USD	1 Quarter
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	3 Qtrs
Payment of Sponsor note	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$56.00K	USD	3 Qtrs
Proceeds from Sponsor note	`ProceedsFromNotesPayable`	$86.00K	USD	1 Quarter
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOrSaleOfEquity`	$25.00K	USD	1 Quarter
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$301.15M	USD	3 Qtrs
Net Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$48.75K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$47.27K	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$536.79K	USD	3 Qtrs
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$538.68K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$47.27K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$538.68K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$47.27K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	-	USD	1 Quarter
Deferred legal fees	`DeferredLegalFees`	$800.00K	USD	3 Qtrs
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	-	USD	1 Quarter
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	$10.50M	USD	3 Qtrs
Class A ordinary shares subject to possible redemption	`StockIssued1`	-	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	$287.71M	USD	3 Qtrs
Payment of formation cost by issuance of sponsor note	`PaymentOfFormationCostByIssuanceOfSponsorNote`	$5.99K	USD	1 Quarter
Payment of formation cost by issuance of sponsor note	`PaymentOfFormationCostByIssuanceOfSponsorNote`	-	USD	3 Qtrs
Deferred offering cost included in accrued formation and offering cost	`DeferredOfferingCostIncludedInAccruedFormationAndOfferingCost`	-	USD	3 Qtrs
Deferred offering cost included in accrued formation and offering cost	`DeferredOfferingCostIncludedInAccruedFormationAndOfferingCost`	$567.92K	USD	1 Quarter

Stockholders Equity 11 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	3 Qtrs
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.25M	USD	3 Qtrs
Sale of private placement warrants	`StockIssuedDuringPeriodValueOther`	$8.00M	USD	3 Qtrs
Ordinary shares subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-287.71M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-8.46K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.32M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.90M	USD	3 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.