Ranpak Holdings Corp. (PACK) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: October 30, 2025

Risk Assessment Details

Potential Dilution: 6.28% of current shares
Recent Dilution: 1.75% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
84M
Potential Supply
5.3M
Additional shares possible
Splits
None
Past 2 years

Summary

PACK currently has 84.4M outstanding shares. with limited dilution risk as only 5.3M additional shares (6.3%) are authorized for issuance. The company has minimally diluted shareholders by 1.75% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 30, 2025

10-Q filing | 84.4M shares outstanding

84M 5.3M
Aug 26, 2025

8-K filing: Ranpak Holdings Corp. agreed to issue a warrant to Walmart Inc. to acquire up to 22,500,000 shares of the company's common stock at an exercise price of $6.8308 per share, with 2,250,000 shares vesting immediately and the remainder vesting based on payments made by Walmart.

84M 5.4M
Aug 05, 2025

10-Q filing | 84.3M shares outstanding

84M 5.4M
May 06, 2025

10-Q filing | 83.7M shares outstanding

84M 6M
Mar 25, 2025

S-3/A filing: Ranpak Holdings Corp. is offering 18,716,456 shares of Class A common stock from time to time by the selling stockholder.

83M 6.6M
Mar 17, 2025

10-K filing | 83.1M shares outstanding

83M 6.6M
Feb 18, 2025

S-3 filing: This S-3 filing registers 18,716,456 shares of Class A common stock for potential sale by a selling stockholder, with Ranpak Holdings Corp. not receiving any proceeds from the sales.

83M 6.4M
Jan 29, 2025

8-K filing: Ranpak Holdings Corp. entered into a Transaction Agreement with Amazon.com, Inc., agreeing to issue a warrant to a wholly-owned affiliate of Parent to acquire up to 18,716,456 shares of the Company's common stock at an exercise price of $6.8308 per share.

83M 0
Dec 30, 2024

8-K filing: Ranpak Holdings Corp. issued 2,921,099 shares of Class A common stock upon conversion of 2,921,099 shares of Class C common stock on December 30, 2024.

83M 0
Oct 31, 2024

10-Q filing | 83.2M shares outstanding

83M 0
Aug 01, 2024

10-Q filing | 83.1M shares outstanding

83M 0
May 02, 2024

10-Q filing | 82.7M shares outstanding

83M 0
Mar 14, 2024

10-K filing | 82.4M shares outstanding

82M 0
Oct 31, 2023

10-Q filing | 82.3M shares outstanding

82M 0
Aug 03, 2023

10-Q filing | 82.4M shares outstanding

82M 0
May 08, 2023

10-Q filing | 82.1M shares outstanding

82M 0
Mar 31, 2023

10-K filing | 81.9M shares outstanding

82M 0
Nov 01, 2022

10-Q filing | 82.0M shares outstanding

82M 0
Jul 28, 2022

10-Q filing | 81.9M shares outstanding

82M 0
May 06, 2022

10-Q filing | 81.6M shares outstanding

82M 0
Feb 28, 2022

10-K filing | 78.5M shares outstanding

79M 0
Oct 28, 2021

10-Q filing | 81.4M shares outstanding

81M 0
Jul 29, 2021

10-Q filing | 77.7M shares outstanding

78M 0
Jun 03, 2021

8-K filing: Ranpak Holdings Corp. closed its public offering involving the issuance and sale of 5,250,000 shares of its Class A common stock and certain selling security holders of the Company sold 500,000 shares of the Company's Class A common stock.

74M 0
May 28, 2021

8-K filing: Ranpak Holdings Corp. entered into an underwriting agreement for the issuance and sale of 4,500,000 shares of its Class A common stock at a public offering price of $21.00 per share, along with certain selling security holders offering 500,000 shares. ($94.5M proceeds)

74M 0
May 27, 2021

8-K filing: Ranpak Holdings Corp. announced the pricing of a registered underwritten public offering of 5,000,000 shares of its Class A common stock at a price of $21.00 per share. ($105.0M proceeds)

74M 0
May 13, 2021

POS AM filing: Ranpak Holdings Corp. is offering shares of Class A common stock for general corporate purposes and selling security holders are offering securities.

74M 0
May 07, 2021

10-Q filing | 73.6M shares outstanding

74M 0
Apr 08, 2021

8-K filing: Ranpak Holdings Corp. issued 3,590,194 Class A common shares upon conversion of 3,590,194 Class C common shares on April 5, 2021. No cash proceeds were received.

72M 0
Mar 04, 2021

10-K filing | 72.4M shares outstanding

72M 0
Nov 06, 2020

10-Q filing | 72.4M shares outstanding

72M 0
Oct 13, 2020

S-3 filing: Ranpak Holdings Corp. files an S-3 to offer shares of Class A common stock with an aggregate offering price of up to $150,000,000. The net proceeds will be used for general corporate purposes, including acquisitions, business opportunities, and repayment of indebtedness.

71M 0
Jul 30, 2020

10-Q filing | 70.9M shares outstanding

71M 0
May 11, 2020

10-Q filing | 64.3M shares outstanding

64M 0
Mar 17, 2020

10-K filing | 70.9M shares outstanding

71M 0
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