---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-010681"
form_type: "8-K"
ticker: "PACK"
cik: "0001712463"
company_name: "Ranpak Holdings Corp."
filed_at: "2025-08-26T23:59:59+00:00"
generated_at: "2026-05-17T09:58:14.615966+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ranpak issues warrant to Walmart for up to 22.5M shares at $6.8308, vesting tied to spend

## Summary
- Issued warrant to Walmart to purchase up to 22.5M shares of Ranpak common stock at $6.8308 per share.
- 2.25M shares vested immediately; remainder vest based on Walmart payments under current and future commercial agreements.
- All warrant shares vest upon aggregate spend of $300M (net of paper procurement costs incurred by Ranpak).
- Warrant expires August 22, 2035; allows cashless exercise; no voting rights until exercised.
- Over $100M of expected spend allocated to Automation Solutions; remainder to Protective Packaging.

## SEC filing metadata
- accession: 0000950103-25-010681
- form_type: 8-K
- ticker: PACK
- cik: 0001712463
- company_name: Ranpak Holdings Corp.
- filed_at: 2025-08-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1712463/000095010325010681/0000950103-25-010681-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1712463/000095010325010681/dp233343_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-010681
- JSON: https://secwatch.observer/filing/0000950103-25-010681.json
- Plain text: https://secwatch.observer/filing/0000950103-25-010681.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.