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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 August 8, 2019&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt; text-align: right; padding-bottom: 4pt"><B>Registration No. 333-__________</B></P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 14pt">_______________</FONT></P>

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

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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

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

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

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ranpak Holdings Corp.</B>&nbsp;</P>

<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>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<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"><B>6770</B></TD>
    <TD STYLE="vertical-align: top; width: 27%; font-size: 10pt; text-align: center"><B>98-1377160</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(State or Other Jurisdiction
of</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Incorporation or Organization)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Primary Standard Industrial</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Classification Code Number)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="font-size: 11pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer <BR>
Identification Number)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>7990 Auburn Road</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Concord Township, OH 44077</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(440) 354-4445 </B>&nbsp;</P></TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Address, Including Zip Code,
and Telephone Number, Including Area Code, of Registrant&rsquo;s Principal Executive Offices) </B>&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 14pt">_______________</FONT></TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD COLSPAN="3">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ranpak Holdings Corp. 2019 Omnibus
Incentive Plan </B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Full title of the plan)</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 33%; padding-left: 11.4pt; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 33%; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Michele Smolin</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>General Counsel</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>7990 Auburn Road</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Concord Township, OH 44077</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(440) 354-4445 </B>&nbsp;</P></TD>
    <TD STYLE="width: 25%; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 10pt"><B>(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)</B></FONT></P>
                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-size: 14pt">_______________<B>&nbsp;</B></FONT></P></TD></TR>
</TABLE>
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    <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: center; padding-top: 4pt"><I>With a copy to:</I></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 33%; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 34%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>John B. Meade</B>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Lee Hochbaum</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Davis Polk&nbsp;&amp; Wardwell LLP</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Lexington Avenue</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10017</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212)&nbsp;450-4000</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; width: 33%; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<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 Securities Exchange Act of 1934, as amended.</B></P>

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

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 63%; padding-right: 11pt; padding-left: 30pt"><FONT STYLE="font-size: 10pt"><B>Large accelerated filer </B></FONT>&#9744;</TD>
    <TD STYLE="width: 37%"><FONT STYLE="font-size: 10pt"><B>Accelerated filer </B></FONT>&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 11pt; padding-left: 30pt"><FONT STYLE="font-size: 10pt"><B>Non-accelerated filer&nbsp;&nbsp;</B></FONT>&#9746;<FONT STYLE="font-size: 10pt"><B>&nbsp;&nbsp;(Do
not check if a smaller reporting company)</B></FONT></TD>
    <TD><FONT STYLE="font-size: 10pt"><B>Smaller reporting company </B></FONT>&#9744;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 11pt; padding-left: 30pt">&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt"><B>Emerging growth company </B></FONT>&#9746;</TD></TR>
</TABLE>


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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-size: 10pt">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.
</FONT>&#9744;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">_______________</P>

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    <TD COLSPAN="5" STYLE="border-bottom: Black 1.5pt double; padding: 1pt 3pt; font-size: 10pt; 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; padding: 1pt 3pt; border-right: Black 1pt solid; font-size: 10pt; 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; padding: 1pt 3pt; border-right: Black 1pt solid; font-size: 10pt; text-align: center; font-weight: bold">Amount to be Registered (1)</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; padding: 1pt 3pt; border-right: Black 1pt solid; font-size: 10pt; text-align: center; font-weight: bold">Proposed Maximum Offering Price per Share (2)</TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; padding: 1pt 3pt; border-right: Black 1pt solid; font-size: 10pt; text-align: center; font-weight: bold">Proposed Maximum Aggregate Offering Price (2)</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; padding: 1pt 3pt; font-size: 10pt; 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: 1pt 3pt; font-size: 10pt; text-indent: 0pt">Class A Common Stock, par value $0.0001 per share</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 3pt; font-size: 10pt; text-align: center">4,118,055</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 3pt; font-size: 10pt; text-align: center">$5.67</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 3pt; font-size: 10pt; text-align: center">$23,349,371.85</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 3pt; font-size: 10pt; text-align: center">$2,829.94</TD></TR>
</TABLE>
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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;Class A Common Stock&rdquo;), of Ranpak Holdings Corp. (the &ldquo;Company&rdquo; or &ldquo;Registrant&rdquo;)
(i) authorized for issuance under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan (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 Class
A Common Stock that may become issuable under the Plan by reason of any stock dividend, stock split or other similar transaction.</TD></TR></TABLE>

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

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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 of the Class
                                                            A Common Stock on August 7<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP></SUP></FONT>,
                                                            2019.</TD></TR></TABLE>

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

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

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<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; text-align: center"></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">The following documents are incorporated
herein by reference:</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">(a) The Registrant's Annual Report on
Form 10-K for the fiscal year ended December 31, 2018, filed with the Securities and Exchange Commission (&ldquo;SEC&rdquo;) on March
1, 2019;</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)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Registrant&rsquo;s proxy statement/prospectus included in its Registration Statement on Form S-4 (File No. 333-230030), as originally
filed on March 1, 2019, 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; text-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
reports 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 Registrant&rsquo;s Registration Statement on Form S-4 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
description of the Registrant&rsquo;s capital stock which is contained in the Registrant&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; text-indent: 0.25in">&#9;All documents filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this Registration Statement and prior to
the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, are incorporated by reference in this Registration Statement and are a part hereof from the
date of filing of such documents; except as to any portion of any future annual or quarterly report to stockholders or document
or current report furnished under current Items 2.02 or 7.01 of Form 8-K that is not deemed filed under such provisions.</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">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 or is deemed
to be incorporated by reference herein) modifies or supersedes such statement. Any 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 4. Description of Securities.</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">Not applicable.</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 5. Interests of Named Experts and Counsel.</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">Not applicable.</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 6. Indemnification of Directors and Officers.</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">&#9;Section 145 of the General
Corporation Law of the State of Delaware (the &ldquo;DGCL&rdquo;) provides that a corporation may indemnify directors and
officers as well as other employees and individuals against expenses (including attorneys&rsquo; fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or
completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a
director, officer, employee or agent to the Registrant. The DGCL provides that Section 145 is not exclusive of other rights
to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise. The Registrant&rsquo;s certificate of incorporation provides for indemnification by the Registrant of
its directors, officers and employees to the fullest extent permitted by the DGCL. The Registrant has entered or intends to
enter into indemnification agreements with each of its current directors and executive officers to provide these directors
and executive officers additional contractual</P>

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0in; text-indent: 0in">assurances
regarding the scope of the indemnification set forth in the Registrant&rsquo;s certificate of incorporation and to provide additional
procedural protections. There is no pending litigation or proceeding involving a director or executive officer of the Registrant
for which indemnification is sought.</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">Section 102(b)(7) of the DGCL permits a
corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to
the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for
any breach of the director&rsquo;s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law, (iii) for unlawful payments of dividends or unlawful
stock purchases, redemptions or other distributions, or (iv) for any transaction from which the director derived an improper personal
benefit. The Registrant&rsquo;s certificate of incorporation provides for such limitation of liability.</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 7. Exemption from Registration Claimed.</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">&#9;Not applicable.</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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; font-size: 12pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
    <TD STYLE="width: 1%; padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="width: 89%; font-size: 12pt; text-align: center; padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1712463/000121390019010240/f8k053019ex3-1_ranpakhold.htm">4.1</A></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1712463/000121390019010240/f8k053019ex3-1_ranpakhold.htm">Certificate of Incorporation of Ranpak Holdings Corp. (incorporated by reference to Exhibit 3.1 to the Registrant&rsquo;s Current Report on Form 8-K (File No. 001-38348), filed with the SEC on June 6, 2019)</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1712463/000121390019010240/f8k053019ex3-2_ranpakhold.htm">4.2</A></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="http://www.sec.gov/Archives/edgar/data/1712463/000121390019010240/f8k053019ex3-2_ranpakhold.htm">Bylaws of Ranpak Holdings Corp. (incorporated by reference to Exhibit 3.2 to the Registrant&rsquo;s Current Report on Form 8-K (File No. 001-38348), filed with the SEC on June 6, 2019)</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex0501.htm">5.1*</A></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex0501.htm">Opinion of Davis Polk &amp; Wardwell LLP</A> </FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp111025_ex2301.htm"><FONT STYLE="font-size: 10pt">23.1*</FONT></A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp111025_ex2301.htm"><FONT STYLE="font-size: 10pt">Consent of Deloitte &amp; Touche LLP</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex0501.htm">23.2*</A></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex0501.htm">Consent of Davis Polk &amp; Wardwell LLP (included in Exhibit 5.1)</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp111025_ex2303.htm"><FONT STYLE="font-size: 10pt">23.3*</FONT></A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="dp111025_ex2303.htm"><FONT STYLE="font-size: 10pt">Consent of WithumSmith+Brown,
    PC</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="#poa"><FONT STYLE="font-size: 10pt">24.1*</FONT></A></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><A HREF="#poa"><FONT STYLE="font-size: 10pt">Powers of Attorney (included in signature pages hereof)</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex9901.htm">99.1*</A></FONT></TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt"><FONT STYLE="font-size: 10pt"><A HREF="dp111025_ex9901.htm">Ranpak Holdings Corp. 2019 Omnibus Incentive Plan</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD>
    <TD STYLE="font-size: 12pt; padding-top: 4pt; padding-bottom: 4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">*Filed herewith</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9. Undertakings.</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)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes:</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 0pt 0.25in; text-indent: 0.25in">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any prospectus required by Section 10(a)(3) of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in">pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the &ldquo;Calculation of Registration Fee&rdquo; table in this registration statement;
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
include any material information with respect to the Plans not previously disclosed in this Registration Statement or any material
change to such information in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0in"><I>provided</I>, <I>however</I>,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial <I>bona fide</I> offering thereof.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant&rsquo;s annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan&rsquo;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</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)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the provisions referenced in Item&nbsp;6 of this Registration Statement, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered hereunder, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></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, State of New York on the 8<SUP>th</SUP> day of August, 2019.</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="3" STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt"><B>Ranpak Holdings Corp. </B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Date : August 8, 2019</P>

<P STYLE="margin: 0pt 0"></TD>
    <TD COLSPAN="3" STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 11pt; text-align: left"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 11pt"><FONT STYLE="font-size: 10pt">/s/ J. Mark Borseth&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 5%; padding-left: 0.25in; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="width: 39%; font-size: 11pt"><FONT STYLE="font-size: 10pt">J. Mark Borseth</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 0.25in; font-size: 11pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt; text-align: justify"><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="font-size: 11pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><BR STYLE="clear: both">&nbsp;</B></P>

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

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

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

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<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">&#9;KNOW ALL MEN BY THESE PRESENTS, that
each person whose signature appears below, constitutes and appoints Michele Smolin, Trent Meyerhoefer and Omar Asali, and each
of them, our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all
acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may
deem necessary or advisable in order to enable Ranpak Holdings Corp. to comply with the Securities Act of 1933, as amended, and
any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities
and Exchange Commission of one or more registration statements on Form S-8 under the Securities Act of 1933, as amended, including,
specifically, but without limitation, power and authority to sign the name of the undersigned to any such registration statement,
and any amendments to any such registration statement (including post-effective amendments), and to file the same with all exhibits
thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications,
registration statements, notices or other documents necessary or advisable to comply with applicable state securities laws, and
to file the same, together with other documents in connection therewith with the appropriate state securities authorities, granting
unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and
thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or their
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, as amended, 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>
    <TD STYLE="vertical-align: bottom; width: 31%; padding-right: 4pt; padding-left: 0pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Signature&nbsp;</P></TD>
    <TD STYLE="vertical-align: bottom; width: 39%; padding-right: 4pt; padding-left: 0pt">
        <P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Title&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; width: 30%; padding-right: 4pt; padding-left: 0pt"><P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 10pt">Date&nbsp;</FONT></P></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;/s/
J. Mark Borseth</P></TD>
    <TD STYLE="font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Chief Executive Officer </TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-left: 0pt"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">(Principal
Executive Officer)</FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">August
    8, 2019</FONT></P>

<P STYLE="margin: 0pt 0"></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">J. Mark Borseth</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Trent Meyerhoefer</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Chief Financial Officer</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">(Principal Financial Officer)</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">August
    8, 2019</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Trent Meyerhoefer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; font-size: 10pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Omar Asali</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"></TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Executive Chairman of the Board of Directors</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">August
    8, 2019</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Omar Asali</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Michael A. Jones</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Executive Vice Chairman of the Board of Directors</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">August
    8, 2019</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Michael A. Jones</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Thomas F. Corley</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">August
    8, 2019</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Thomas F. Corley</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 11pt; text-align: center; padding-right: 4pt; padding-left: 0pt"><FONT STYLE="font-size: 10pt">____________</FONT></TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Robert C. King</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt; width: 31%; border-bottom: Black 1pt solid">/s/ Steve A. Kovach</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; width: 39%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt; width: 30%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">August 8, 2019</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Steve A. Kovach</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Salil Seshadri</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">August 8, 2019</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Salil Seshadri</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">/s/ Michael S. Gliedman</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">August 8, 2019</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Michael S. Gliedman</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="padding-right: 4pt; padding-left: 0pt">
</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">Director</TD>
    <TD ROWSPAN="2" STYLE="vertical-align: top; font-size: 10pt; text-align: center; padding-right: 4pt; padding-left: 0pt">____________</TD></TR>
<TR>
    <TD STYLE="text-align: center; font-size: 10pt; padding-right: 4pt; padding-left: 0pt">Alicia M. Tranen</TD></TR>
</TABLE>










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[{"type": "S-8", "sequence": "1", "filename": "dp111025_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 61819}]
{"company-data": {"conformed-name": "Ranpak Holdings Corp.", "cik": "0001712463", "assigned-sic": "3086", "irs-number": "000000000", "state-of-incorporation": "E9", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-233154", "film-number": "191010717"}, "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 August 8, 2019
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
6770
98-1377160
(State or Other Jurisdiction
of
Incorporation or Organization)
(Primary Standard Industrial
Classification Code Number)
(I.R.S. Employer
Identification Number)
7990 Auburn Road
Concord Township, OH 44077
(440) 354-4445
(Address, Including Zip Code,
and Telephone Number, Including Area Code, of Registrant's Principal Executive Offices)
_______________
Ranpak Holdings Corp. 2019 Omnibus
Incentive Plan
(Full title of the plan)
Michele Smolin
General Counsel
7990 Auburn Road
Concord Township, OH 44077
(440) 354-4445
(Name, Address, Including Zip Code, 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, New York 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 Securities Exchange Act of 1934, as amended.
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)
Class A Common Stock, par value $0.0001 per share
4,118,055
$5.67
$23,349,371.85
$2,829.94
(1)
This Registration Statement on Form S-8 (this "Registration Statement") covers shares of Class A common stock,
$0.0001 par value per share ("Class A Common Stock"), of Ranpak Holdings Corp. (the "Company" or "Registrant")
(i) authorized for issuance under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan (the "Plan") and (ii) pursuant
to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), any additional shares of Class
A 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 of the Class
                                                            A Common Stock on August 7
,
                                                            2019.
(3)
Rounded up to the nearest penny.
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.
The following documents are incorporated
herein by reference:
(a) The Registrant's Annual Report on
Form 10-K for the fiscal year ended December 31, 2018, filed with the Securities and Exchange Commission ("SEC") on March
1, 2019;
(b)       The
Registrant's proxy statement/prospectus included in its Registration Statement on Form S-4 (File No. 333-230030), as originally
filed on March 1, 2019, including any amendments or supplements thereto;
(c)       All
reports 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 Registrant's Registration Statement on Form S-4 referred to in
clause (a) above; and
(d)       The
description of the Registrant's capital stock which is contained in the Registrant's Registration Statement on Form
8-A (Registration No. 333-220956), dated January 17, 2018, including any amendments or supplements thereto;
All documents filed by the Registrant
pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, after the date of this Registration Statement and prior to
the filing of a post-effective amendment that indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, are incorporated by reference in this Registration Statement and are a part hereof from the
date of filing of such documents; except as to any portion of any future annual or quarterly report to stockholders or document
or current report furnished under current Items 2.02 or 7.01 of Form 8-K that is not deemed filed under such provisions.
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 or is deemed
to be incorporated by reference herein) modifies or supersedes such statement. Any statement so modified or superseded shall not
be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 145 of the General
Corporation Law of the State of Delaware (the "DGCL") provides that a corporation may indemnify directors and
officers as well as other employees and individuals against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by such person in connection with any threatened, pending or
completed actions, suits or proceedings in which such person is made a party by reason of such person being or having been a
director, officer, employee or agent to the Registrant. The DGCL provides that Section 145 is not exclusive of other rights
to which those seeking indemnification may be entitled under any bylaw, agreement, vote of stockholders or disinterested
directors or otherwise. The Registrant's certificate of incorporation provides for indemnification by the Registrant of
its directors, officers and employees to the fullest extent permitted by the DGCL. The Registrant has entered or intends to
enter into indemnification agreements with each of its current directors and executive officers to provide these directors
and executive officers additional contractual
assurances
regarding the scope of the indemnification set forth in the Registrant's certificate of incorporation and to provide additional
procedural protections. There is no pending litigation or proceeding involving a director or executive officer of the Registrant
for which indemnification is sought.
Section 102(b)(7) of the DGCL permits a
corporation to provide in its certificate of incorporation that a director of the corporation shall not be personally liable to
the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, except for liability (i) for
any breach of the director's duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law, (iii) for unlawful payments of dividends or unlawful
stock purchases, redemptions or other distributions, or (iv) for any transaction from which the director derived an improper personal
benefit. The Registrant's certificate of incorporation provides for such limitation of liability.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit Number
4.1
Certificate of Incorporation of Ranpak Holdings Corp. (incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K (File No. 001-38348), filed with the SEC on June 6, 2019)
4.2
Bylaws of Ranpak Holdings Corp. (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K (File No. 001-38348), filed with the SEC on June 6, 2019)
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)
23.3*
Consent of WithumSmith+Brown,
    PC
24.1*
Powers of Attorney (included in signature pages hereof)
99.1*
Ranpak Holdings Corp. 2019 Omnibus Incentive Plan
*Filed herewith
Item 9. Undertakings.
(a)       The
undersigned Registrant hereby undertakes:
(1)       To
file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)       To
include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii)       To
reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set
forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered
(if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or
high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission
pursuant
to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum
aggregate offering price set forth in the "Calculation of Registration Fee" table in this registration statement;
and
(iii)       To
include any material information with respect to the Plans not previously disclosed in this Registration Statement or any material
change to such information in this Registration Statement;
provided
,
however
,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the Registrant pursuant to Section
13 or Section 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2)       That,
for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be
a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall
be deemed to be the initial
bona fide
offering thereof.
(3)       To
remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the
termination of the offering.
(b)       The
undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing
of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated
by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c)       Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons
of the Registrant pursuant to the provisions referenced in Item 6 of this Registration Statement, or otherwise, the Registrant
has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as
expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities
(other than the payment by the Registrant of expenses incurred or paid by a director, officer, or controlling person of the Registrant
in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection
with the securities being registered hereunder, the Registrant will, unless in the opinion of its counsel the matter has been settled
by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against
public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
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, State of New York on the 8
th
day of August, 2019.
Ranpak Holdings Corp.
Date : August 8, 2019
By:
/s/ J. Mark Borseth
Name:
J. Mark Borseth
Title:
Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that
each person whose signature appears below, constitutes and appoints Michele Smolin, Trent Meyerhoefer and Omar Asali, and each
of them, our true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to do any and all
acts and things and execute, in the name of the undersigned, any and all instruments which said attorneys-in-fact and agents may
deem necessary or advisable in order to enable Ranpak Holdings Corp. to comply with the Securities Act of 1933, as amended, and
any requirements of the Securities and Exchange Commission in respect thereof, in connection with the filing with the Securities
and Exchange Commission of one or more registration statements on Form S-8 under the Securities Act of 1933, as amended, including,
specifically, but without limitation, power and authority to sign the name of the undersigned to any such registration statement,
and any amendments to any such registration statement (including post-effective amendments), and to file the same with all exhibits
thereto and other documents in connection therewith, with the Securities and Exchange Commission, to sign any and all applications,
registration statements, notices or other documents necessary or advisable to comply with applicable state securities laws, and
to file the same, together with other documents in connection therewith with the appropriate state securities authorities, granting
unto said attorneys-in-fact and agents, and each of them, full power and authority to do and to perform each and every act and
thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned
might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, and any of them, or their
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities
Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates
indicated.
Signature
Title
Date
/s/
J. Mark Borseth
Chief Executive Officer
(Principal
Executive Officer)
August
    8, 2019
J. Mark Borseth
/s/ Trent Meyerhoefer
Chief Financial Officer
(Principal Financial Officer)
August
    8, 2019
Trent Meyerhoefer
/s/ Omar Asali
Executive Chairman of the Board of Directors
August
    8, 2019
Omar Asali
/s/ Michael A. Jones
Executive Vice Chairman of the Board of Directors
August
    8, 2019
Michael A. Jones
/s/ Thomas F. Corley
Director
August
    8, 2019
Thomas F. Corley
Director
____________
Robert C. King
/s/ Steve A. Kovach
Director
August 8, 2019
Steve A. Kovach
/s/ Salil Seshadri
Director
August 8, 2019
Salil Seshadri
/s/ Michael S. Gliedman
Director
August 8, 2019
Michael S. Gliedman
Director
____________
Alicia M. Tranen