The company said the Combination, consisting of the Smurfit Kappa acquisition and the WestRock merger, closed on July 5, 2024, after the 10-Q fiscal quarter ended June 30.

1. 01

   The company said the Combination, consisting of the Smurfit Kappa acquisition and the WestRock merger, closed on July 5, 2024, after the 10-Q fiscal quarter ended June 30.

2. 02

   The company said it issued 261,094,836 shares to Smurfit Kappa shareholders and 258,228,403 shares to WestRock shareholders on July 5, 2024, and that its post-closing ownership is approximately 50.4% and approximately 49.6%, respectively.

3. 03

   The company said each WestRock common share, 1 in total, was converted into the right to receive 1 Smurfit Westrock Share and $5.00 in cash, for total cash consideration of $1,291 million, and that Smurfit Kappa is the accounting acquirer under GAAP.

4. 04

   Smurfit Westrock said it posted net losses of $12,300 for the 3-month and 6-month periods ended June 30, 2024, citing professional fees related to its re-registration as an Irish public limited company. It said its total assets, consisting of cash and cash equivalents, were $26,762 as of June 30.

Key figures

Quarter ended June 30, 2024

EPS

−$2.56

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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Original filing

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