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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>As filed with the Securities and Exchange Commission
on May 26, 2021</B></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 11.1pt 0pt 0; text-align: right"><B>Registration No. 333-[&bull;]</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM S-8</B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REGISTRATION STATEMENT UNDER</B></P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES ACT OF 1933</B></P>



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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RANPAK HOLDINGS CORP.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

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  <TR>
    <TD STYLE="vertical-align: bottom; width: 29%; font-size: 10pt; text-align: center"><B>Delaware<BR></B></TD>
    <TD STYLE="vertical-align: bottom; width: 44%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 27%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>98-1377160</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">(State or other jurisdiction of <BR>
incorporation or organization)</FONT></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt">(I.R.S. Employer <BR>
Identification No.)</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>7990 Auburn Road</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Concord Township, OH
44077</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">(Address of Principal
Executive Offices, Including Zip Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Telephone: (440) 354-4445</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Amended and Restated Ranpak Holdings Corp. 2019
Omnibus Incentive Plan </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Full title of the plan)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>David Murgio</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>General Counsel</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&nbsp;<B>7990 Auburn
Road</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Concord Township, OH
44077</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><B>Telephone: (440) 354-4445</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Name, address and telephone number, including
area code, of agent for service)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>With a copy to:</I></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>John B. Meade</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lee Hochbaum</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Davis Polk &amp; Wardwell LLP</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Lexington Avenue</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, NY 10017</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 450-4000</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.
See the definitions of &ldquo;large accelerated filer,&rdquo; &ldquo;accelerated filer,&rdquo; &ldquo;smaller reporting company&rdquo;
and &ldquo;emerging growth company&rdquo; in Rule 12b-2 of the Exchange Act.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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    <TD STYLE="padding-bottom: 10pt; width: 62%"><FONT STYLE="font-size: 10pt"><B>Large accelerated filer </B></FONT>&#9744;</TD>
    <TD STYLE="padding-bottom: 10pt; width: 38%"><FONT STYLE="font-size: 10pt"><B>Accelerated filer </B></FONT>&#9746;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-size: 10pt"><B>Non-accelerated filer &nbsp;</B></FONT>&#9744;<FONT STYLE="font-size: 10pt"><B>&nbsp;(Do not check if a smaller reporting company)</B></FONT></TD>
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-size: 10pt"><B>Smaller reporting company </B></FONT>&#9744;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 10pt"><FONT STYLE="font-size: 10pt"><B>Emerging growth company </B></FONT>&#9746;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for </B></FONT><FONT STYLE="font-size: 10pt"><B>complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
&#9744;</B></FONT></P>

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    <TD COLSPAN="5" STYLE="border-bottom: Black 1.5pt double; text-align: center; font-weight: bold">CALCULATION OF REGISTRATION FEE</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-weight: bold">Title of Each Class of Securities to be Registered</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-weight: bold">Amount to be Registered (1)</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-weight: bold">Proposed Maximum Offering Price per Share (2)</TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; font-weight: bold">Proposed Maximum Aggregate Offering Price (2)</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; text-align: center; font-weight: bold">Amount of <BR>
Registration Fee (3)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 9.35pt; text-indent: -9.35pt">Common Stock, par value $0.0001 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 9.35pt; text-align: center; text-indent: -9.35pt">9,000,000</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">$22.04</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">$198,360,000</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">$21,641.08</TD></TR>
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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD>This Registration Statement on Form S-8 (this &ldquo;Registration Statement&rdquo;) covers shares of Class A common stock, $0.0001
par value per share (&ldquo;Common Stock&rdquo;), of Ranpak Holdings Corp. (the &ldquo;Company&rdquo; or &ldquo;Registrant&rdquo;) (i)
authorized for issuance under the Amended and Restated Ranpak Holdings Corp. Omnibus Incentive Plan, as amended and restated effective
as of May 26, 2021 (the &ldquo;Plan&rdquo;) and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the &ldquo;Securities
Act&rdquo;), any additional shares of Common Stock that may become issuable under the Plan by reason of any stock dividend, stock split
or other similar transaction.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) and Rule 457(c) under the Securities
Act, The Proposed Maximum Offering Price Per Share is based on the average of the high and low prices reported
a share of Common Stock on the New York Stock Exchange on May 19, 2021.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD>Rounded up to the nearest penny.</TD></TR></TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REGISTRATION OF ADDITIONAL SHARES PURSUANT
TO GENERAL INSTRUCTION E</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: left"><FONT STYLE="font-weight: normal; background-color: white">This
Registration Statement has been prepared and filed pursuant to and in accordance with the requirements of General Instruction E to Form
S-8 for the purpose of registering an additional 9,000,000 shares of Common Stock that are issuable at any time or from time to time under
the Plan.&nbsp;&nbsp;Pursuant to General Instruction E, the contents of the Registration Statements on Form S-8 filed for the Plan with
the Securities and Exchange Commission (the &ldquo;Commission&rdquo;) on August 8, 2019 (Registration No. 333-233154), including the documents
incorporated by reference therein, are incorporated by reference into this Registration Statement, except as supplemented by the information
set forth below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in; text-align: left">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PART I</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in"><FONT STYLE="font-weight: normal">The
information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this filing in accordance with the provisions of Rule
428 under the Securities Act and the introductory note to Part I of the Form S-8 instructions. The documents containing the information
specified in Part I will be delivered to the participants in the Plan as required by Rule 428(b)(1).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PART II<BR>
<BR>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 3. Incorporation of Documents by Reference.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(a) The Company&rsquo;s Annual Report on Form
10-K for the year ended December 31, 2020, filed with the Commission on March 4, 2021 (Registration No. 001-38348);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b) The Company&rsquo;s Quarterly Report on Form
10-Q for the quarter ended March 31, 2021, filed with the Commission on May 7, 2021 (Registration No. 001-38348);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(c) The Company&rsquo;s Current Reports on Form
8-K that have been filed, but not furnished, pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the
&ldquo;Exchange Act&rdquo;) since the end of the fiscal year covered by the Company&rsquo;s Annual Report on Form 10-K referred to in
clause (a) above; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(d)&nbsp;The
description of the Company&rsquo;s capital stock which is contained in the Company&rsquo;s Registration Statement on Form 8-A (Registration
No. 333-220956), dated January 17, 2018, including any amendments or supplements thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">In addition, all documents subsequently filed
by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange
Act&rdquo;), prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered
have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein (or in any other subsequently filed document which also is incorporated or deemed to be
incorporated by reference herein), modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 8. Exhibits.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 14%; font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
    <TD STYLE="width: 86%; font-size: 11pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">5.1*</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><A HREF="dp151730_ex0501and2302.htm"><FONT STYLE="font-size: 10pt">Opinion of Davis Polk &amp; Wardwell LLP</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">23.1*</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><A HREF="dp151730_ex2301.htm"><FONT STYLE="font-size: 10pt">Consent of Deloitte &amp; Touche LLP </FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">23.2*</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><A HREF="dp151730_ex0501and2302.htm"><FONT STYLE="font-size: 10pt">Consent of Davis Polk &amp; Wardwell LLP (included in Exhibit 5.1)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">24.1*</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><A HREF="#poa"><FONT STYLE="font-size: 10pt">Power of Attorney (included in signature page hereof)</FONT></A></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><FONT STYLE="font-size: 10pt">99.1*</FONT></TD>
    <TD STYLE="padding-bottom: 10pt; font-size: 11pt"><A HREF="dp151730_ex9901.htm"><FONT STYLE="font-size: 10pt">Amended and Restated Ranpak Holdings Corp. 2019 Omnibus Incentive Plan </FONT></A></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="font-weight: normal">*Filed herewith.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New
York on the 26<SUP>th</SUP> day of May 2021<B>.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4"><FONT STYLE="font-size: 10pt"><B>RANPAK HOLDINGS CORP.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="4">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Omar Asali&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD STYLE="width: 36%"><FONT STYLE="font-size: 10pt">Omar Asali</FONT></TD>
    <TD STYLE="width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="poa"></A>POWER OF ATTORNEY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below hereby constitutes and appoints Omar Asali, William Drew and David Murgio, and each of them, his
or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration
statement and any and all additional registration statements pursuant to Rule 462(b) of the Securities Act of 1933, and to file the same,
with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto
each said attorney-in-fact and agents full power and authority to do and perform each and every act in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents or either of them or their or his or her substitute or substitutes may lawfully do or cause
to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to the requirements of the Securities
Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 6pt; width: 37%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in; border-bottom: Black 0.5pt solid">Signature</P>
    </TD>
    <TD STYLE="padding-right: 6pt; width: 40%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in; border-bottom: Black 0.5pt solid">Title</P>
    </TD>
    <TD STYLE="padding-right: 6pt; width: 23%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in; border-bottom: Black 0.5pt solid">Date</P>
    </TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Omar Asali</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Chief Executive Officer and Chairman of the Board<BR>
(principal executive officer)</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Omar Asali</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ William Drew</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Chief Financial Officer<BR>
(principal financial officer)</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">William Drew</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Michael A. Jones</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Michael A. Jones</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Thomas F. Corley</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Thomas F. Corley</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Pamela El</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Pamela El</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Robert C. King</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Robert C. King</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Steve A. Kovach</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Steve A. Kovach</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Salil Seshadri</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Salil Seshadri</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Michael S. Gliedman</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Michael S. Gliedman</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Alicia M. Tranen</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Alicia M. Tranen</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 6pt; border-bottom: Black 1pt solid">/s/ Kurt Zumwalt</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">Director</TD>
    <TD STYLE="padding-right: 6pt; text-align: center">May 26, 2021</TD></TR>
  <TR>
    <TD STYLE="padding-right: 6pt; vertical-align: top; text-align: center">Kurt Zumwalt</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 6pt; vertical-align: top">&nbsp;</TD></TR>
  </TABLE>

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[{"type": "S-8", "sequence": "1", "filename": "dp151730_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 39503}]
{"company-data": {"conformed-name": "Ranpak Holdings Corp.", "cik": "0001712463", "assigned-sic": "2670", "irs-number": "000000000", "state-of-incorporation": "E9", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-256492", "film-number": "21966155"}, "business-address": {"street1": "7990 AUBURN ROAD", "city": "CONCORD TOWNSHIP", "state": "OH", "zip": "44077", "phone": "440-354-4445"}, "mail-address": {"street1": "7990 AUBURN ROAD", "city": "CONCORD TOWNSHIP", "state": "OH", "zip": "44077"}, "former-company": {"former-conformed-name": "One Madison Corp", "date-changed": "20170720"}}
As filed with the Securities and Exchange Commission
on May 26, 2021
Registration No. 333-[•]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933
RANPAK HOLDINGS CORP.
(Exact name of registrant as specified in its charter)
Delaware
98-1377160
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
7990 Auburn Road
Concord Township, OH
44077
(Address of Principal
Executive Offices, Including Zip Code)
Telephone: (440) 354-4445
(Registrant's telephone number, including area code)
Amended and Restated Ranpak Holdings Corp. 2019
Omnibus Incentive Plan
(Full title of the plan)
David Murgio
General Counsel
7990 Auburn
Road
Concord Township, OH
44077
Telephone: (440) 354-4445
(Name, address and telephone number, including
area code, of agent for service)
With a copy to:
John B. Meade
Lee Hochbaum
Davis Polk & Wardwell LLP
450 Lexington Avenue
New York, NY 10017
(212) 450-4000
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.
See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company"
and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
(Do not check if a smaller reporting company)
Smaller reporting company
☐
Emerging growth company
☒
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for
complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
☐
CALCULATION OF REGISTRATION FEE
Title of Each Class of Securities to be Registered
Amount to be Registered (1)
Proposed Maximum Offering Price per Share (2)
Proposed Maximum Aggregate Offering Price (2)
Amount of
Registration Fee (3)
Common Stock, par value $0.0001 per share
9,000,000
$22.04
$198,360,000
$21,641.08
(1)
This Registration Statement on Form S-8 (this "Registration Statement") covers shares of Class A common stock, $0.0001
par value per share ("Common Stock"), of Ranpak Holdings Corp. (the "Company" or "Registrant") (i)
authorized for issuance under the Amended and Restated Ranpak Holdings Corp. Omnibus Incentive Plan, as amended and restated effective
as of May 26, 2021 (the "Plan") and (ii) pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities
Act"), any additional shares of Common Stock that may become issuable under the Plan by reason of any stock dividend, stock split
or other similar transaction.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(h) and Rule 457(c) under the Securities
Act, The Proposed Maximum Offering Price Per Share is based on the average of the high and low prices reported
a share of Common Stock on the New York Stock Exchange on May 19, 2021.
(3)
Rounded up to the nearest penny.
REGISTRATION OF ADDITIONAL SHARES PURSUANT
TO GENERAL INSTRUCTION E
This
Registration Statement has been prepared and filed pursuant to and in accordance with the requirements of General Instruction E to Form
S-8 for the purpose of registering an additional 9,000,000 shares of Common Stock that are issuable at any time or from time to time under
the Plan.  Pursuant to General Instruction E, the contents of the Registration Statements on Form S-8 filed for the Plan with
the Securities and Exchange Commission (the "Commission") on August 8, 2019 (Registration No. 333-233154), including the documents
incorporated by reference therein, are incorporated by reference into this Registration Statement, except as supplemented by the information
set forth below.
PART I
The
information specified in Item 1 and Item 2 of Part I of Form S-8 is omitted from this filing in accordance with the provisions of Rule
428 under the Securities Act and the introductory note to Part I of the Form S-8 instructions. The documents containing the information
specified in Part I will be delivered to the participants in the Plan as required by Rule 428(b)(1).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
(a) The Company's Annual Report on Form
10-K for the year ended December 31, 2020, filed with the Commission on March 4, 2021 (Registration No. 001-38348);
(b) The Company's Quarterly Report on Form
10-Q for the quarter ended March 31, 2021, filed with the Commission on May 7, 2021 (Registration No. 001-38348);
(c) The Company's Current Reports on Form
8-K that have been filed, but not furnished, pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") since the end of the fiscal year covered by the Company's Annual Report on Form 10-K referred to in
clause (a) above; and
(d) The
description of the Company's capital stock which is contained in the Company's Registration Statement on Form 8-A (Registration
No. 333-220956), dated January 17, 2018, including any amendments or supplements thereto.
In addition, all documents subsequently filed
by the Company pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered
have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration
Statement and to be a part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or
deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement
to the extent that a statement contained herein (or in any other subsequently filed document which also is incorporated or deemed to be
incorporated by reference herein), modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed,
except as so modified or superseded, to constitute a part of this Registration Statement.
Item 8. Exhibits.
Exhibit Number
5.1*
Opinion of Davis Polk & Wardwell LLP
23.1*
Consent of Deloitte & Touche LLP
23.2*
Consent of Davis Polk & Wardwell LLP (included in Exhibit 5.1)
24.1*
Power of Attorney (included in signature page hereof)
99.1*
Amended and Restated Ranpak Holdings Corp. 2019 Omnibus Incentive Plan
*Filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New
York on the 26
th
day of May 2021
.
RANPAK HOLDINGS CORP.
By:
/s/ Omar Asali
Name:
Omar Asali
Title:
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each
person whose signature appears below hereby constitutes and appoints Omar Asali, William Drew and David Murgio, and each of them, his
or her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, for him or her and in his or
her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this registration
statement and any and all additional registration statements pursuant to Rule 462(b) of the Securities Act of 1933, and to file the same,
with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, granting unto
each said attorney-in-fact and agents full power and authority to do and perform each and every act in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents or either of them or their or his or her substitute or substitutes may lawfully do or cause
to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Omar Asali
Chief Executive Officer and Chairman of the Board
(principal executive officer)
May 26, 2021
Omar Asali
/s/ William Drew
Chief Financial Officer
(principal financial officer)
May 26, 2021
William Drew
/s/ Michael A. Jones
Director
May 26, 2021
Michael A. Jones
/s/ Thomas F. Corley
Director
May 26, 2021
Thomas F. Corley
/s/ Pamela El
Director
May 26, 2021
Pamela El
/s/ Robert C. King
Director
May 26, 2021
Robert C. King
/s/ Steve A. Kovach
Director
May 26, 2021
Steve A. Kovach
/s/ Salil Seshadri
Director
May 26, 2021
Salil Seshadri
/s/ Michael S. Gliedman
Director
May 26, 2021
Michael S. Gliedman
/s/ Alicia M. Tranen
Director
May 26, 2021
Alicia M. Tranen
/s/ Kurt Zumwalt
Director
May 26, 2021
Kurt Zumwalt