Company: PRMB
Filing Date: 2025-03-05
Form Type: S-1/A
Source: 0001193125-25-045972
Chunk: 18

Company: Primo Brands Corp
Filing Date: 2025-03-05
Form: S-1/A
Chunk 18
---
 trades under the symbol “PRMB.” Class B Conversion On the Early Settlement Date, the Company consummated the Early Settlement of the Offers, and the Credit Facilities Transactions and the Proposed Amendments became effective, as a result of which, among other things, (i) each of the 64,512,579 shares of Class B common stock, which were held by the ORCP Stockholders, was converted into one share of Class A common stock and all of the shares of Class B common stock were retired, and (ii) ORCP, as well as the ORCP Group, is no longer subject to the limitation on voting no more than 49% of the shares of Class A common stock outstanding. Immediately after giving effect to such conversion, the ORCP Group now holds 57.5% of our Class A common stock and, accordingly, we are deemed a “controlled company” within the meaning of the corporate governance standards of the NYSE. While we are a “controlled company” by such standards, we do not currently intend to rely on any of the related corporate governance exemptions. For more information, see “About this Prospectus—The Refinancing Transactions” and “Description of Capital Stock—Common Stock—Voting Rights”. Accounting Treatment The Transaction was accounted for as a business combination in accordance with GAAP, with BlueTriton treated as the accounting acquirer for financial reporting purposes. Risk Factors An investment in our Class A common stock involves a high degree of risk. You should carefully consider the risks summarized below and as set forth in the “Risk Factors” section included or incorporated by reference in this prospectus immediately following this prospectus summary, including: Risks Related to Our Business

| • |     | our future results may suffer if we do not effectively manage our expanded operations following the Transaction; |

| • |     | we have no operating or financial history and the unaudited pro forma condensed combined financial information                                                                                        
 incorporated by reference in this prospectus are presented for illustrative purposes only and may not be an indication of our financial condition or results of operations following the Transaction; |

| • |     | we face significant competition in the segment in which we operate; |

| • |     | our success depends, in part, on our intellectual property, which we may be unable to maintain and protect; |

| • |     | we may not be able to consummate acquisitions, or acquisitions may be difficult to integrate, and we may not 
 realize the expected revenue and cost synergies related to