Ranpak Holdings Corp. (“Ranpak”) (NYSE: PACK), a leading provider of environmentally sustainable, systems-based, product protection solutions for e-commerce and industrial supply chains, today announced that it has commenced an underwritten registered public offering of its Class A common stock. The proposed offering consists of 4,500,000 shares being offered by Ranpak and 500,000 shares being offered by certain selling security holders of Ranpak (the “Selling Security Holders”). In addition, Ranpak intends to grant the underwriter a 30-day option to purchase additional shares, in a number equal to up to 15% of the number of shares of common stock sold in the offering, to cover over-allotments, if any. The proposed offering is subject to market and other conditions, as well as customary closing conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.

Ranpak intends to use the net proceeds of the proposed offering for debt repayment and general corporate purposes. Ranpak will not receive any proceeds from the sale of the Class A common stock offered by the Selling Security Holders.

Goldman Sachs & Co. LLC and Baird are acting as joint book-running managers and Evercore Group L.L.C. and Craig-Hallum Capital Group are acting as co-managers for the proposed offering.