10-Q Filing

Ranpak Holdings Corp. CIK: 1712463 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001213900-19-007958`
Period End Date	20190331
Filing Date	20190507
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	omad-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 17 Cash Flow Statement 49 Stockholders Equity 15

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Class A ordinary shares subject to possible redemption, shares issued	`TemporaryEquitySharesAuthorized`	28.62M	shares	Point-in-time
Class A ordinary shares subject to possible redemption, shares issued	`TemporaryEquitySharesAuthorized`	28.17M	shares	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, per share	`TemporaryEquityParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$223.76K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$82.40K	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`	$3.12M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.05M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash held in Escrow Account	`CashHeldInTrustAccount`	$1.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Cash held in Escrow Account	`CashHeldInTrustAccount`	$1.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$306.89M	USD	Point-in-time
Cash and marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$305.12M	USD	Point-in-time
Total assets	`Assets`	$309.94M	USD	Point-in-time
Total assets	`Assets`	$309.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.74M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.93M	USD	Point-in-time
Promissory note - working capital	`OtherNotesPayableCurrent`	$4.00M	USD	Point-in-time
Promissory note - working capital	`OtherNotesPayableCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.93M	USD	Point-in-time
Deferred legal fees payable	`DeferredLegalFeesPayable`	$800.00K	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`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$23.23M	USD	Point-in-time
Total liabilities	`Liabilities`	$18.04M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,171,931 shares and 28,619,612 shares, respectively, (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$281.72M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 28,171,931 shares and 28,619,612 shares, respectively, (at $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$286.20M	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding at March 31, 2019 and December 31, 2018	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.10M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.38M	USD	Point-in-time
(Accumulated deficit) retained earnings	`RetainedEarningsAccumulatedDeficit`	$-3.10M	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 shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$309.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$309.94M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	-	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	-	USD	2 Qtrs
Administration fee - related party	`AdministrationFeeRelatedParty`	$20.00K	USD	1 Quarter
Administration fee - related party	`AdministrationFeeRelatedParty`	$30.00K	USD	1 Quarter
General and administrative and operating expenses	`GeneralAndAdministrativeExpense`	$57.09K	USD	1 Quarter
General and administrative and operating expenses	`GeneralAndAdministrativeExpense`	$511.94K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$69.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.71M	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$6.26M	USD	1 Quarter
TOTAL EXPENSES	`OperatingExpenses`	$146.76K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.78M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$735.37K	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$1.78M	USD	1 Quarter
TOTAL OTHER INCOME	`NonoperatingIncomeExpense`	$735.37K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-4.48M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$588.62K	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-4.48M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$588.62K	USD	1 Quarter
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	$735.37K	USD	1 Quarter
Investment income earned on marketable securities held in Trust Account	`InvestmentIncomeEarnedOnMarketableSecuritiesHeldInTrustAccount`	$1.78M	USD	1 Quarter
Interest income earned in Escrow Account	`InvestmentIncomeEarnedInEscrowAccount`	$3.98K	USD	1 Quarter
Interest income earned in Escrow Account	`InvestmentIncomeEarnedInEscrowAccount`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-141.36K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$184.47K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.19M	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
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-926.85K	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	1 Quarter
Cash deposited into Trust Account	`PaymentsToInvestInDecommissioningFund`	$300.00M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	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 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	1 Quarter
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	$6.00M	USD	1 Quarter
Payment of underwriter discounts and commissions	`PaymentOfUnderwriterDiscountsAndCommissions`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$927.15K	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	1 Quarter
Payment of Sponsor note	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payment of Sponsor note	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	Point-in-time
Payment of Sponsor note	`RepaymentsOfNotesPayable`	$148.84K	USD	Annual
Proceeds from Sponsor note	`ProceedsFromOtherDebt`	-	USD	1 Quarter
Proceeds from Sponsor note	`ProceedsFromOtherDebt`	$56.00K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	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
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-926.85K	USD	1 Quarter
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Cash - Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$2.89M	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$898.93K	USD	Point-in-time
Cash - Ending of period	`CashAndCashEquivalentsAtCarryingValue`	$1.90K	USD	Point-in-time
Deferred legal fees	`DeferredLegalFees`	$800.00K	USD	1 Quarter
Deferred legal fees	`DeferredLegalFees`	-	USD	1 Quarter
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	$10.50M	USD	1 Quarter
Deferred underwriters' discounts and compensation	`DeferredUnderwritersDiscountsAndCompensation`	-	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	$285.42M	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	$4.48M	USD	1 Quarter

Stockholders Equity 15 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
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of Class A Ordinary Shares	`StockIssuedDuringPeriodValueNewIssues`	$300.00M	USD	1 Quarter
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.23M	USD	1 Quarter
Sale of private placement warrants	`StockIssuedDuringPeriodValueOther`	$8.00M	USD	1 Quarter
Change in ordinary shares subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$4.48M	USD	1 Quarter
Change in ordinary shares subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-285.42M	USD	1 Quarter
Net income	`NetIncomeLoss`	$-4.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$588.62K	USD	1 Quarter
Ending balance	`StockholdersEquity`	$53.98K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	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.