Ranpak converts 2.9M Class C shares to Class A shares; no cash proceeds

Ranpak Holdings Corp.

2,921,099 Class C shares converted 1:1 into Class A shares on Dec 30, 2024.
Conversion executed under Securities Act Section 3(a)(9) exemption; no cash received by company.
Converted Class C shares retired and cancelled; Class A shares issued are unregistered.
Class C shares originally issued in connection with June 2019 business combination.

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