 Ranpak Holdings Corp. NYSE: PACK Ranpak or the Company today announced that it has commenced an exchange offer the Offer and consent solicitation the Consent Solicitation relating to its outstanding public warrants, forward purchase warrants and private placement warrants collectively, the warrants to purchase shares of Class A common stock, par value 0.0001 per share common stock, of the Company. The purpose of the Offer and Consent Solicitation is to simplify the Companys capital structure and reduce the potential dilutive impact of the warrants, thereby providing the Company with more flexibility for financing its operations in the future. 