Company: PRMB
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001193125-25-012325
Chunk: 44

Company: Primo Brands Corp
Filing Date: 2025-01-24
Form: S-1
Chunk 44
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The shares of Class A common stock covered by this prospectus represent a substantial percentage of the outstanding shares of Class A common stock, and the sales of such shares, or the perception that these sales could occur, could cause the market price of the Class A common stock of Primo Brands to decline significantly, and certain selling stockholders still may receive significant proceeds.

Upon effectiveness of the registration statement of which this prospectus forms a part, or upon satisfaction
of the requirements of Rule 144, the Sponsor Stockholders may sell large amounts of our Class A common stock in the open market or in privately negotiated transactions, which could have the effect of increasing the volatility in or putting
significant downward pressure on the price of the Class A common stock. Additional sales of a substantial number of shares of Class A common stock in the public market, or the perception that such sales may occur, could have an adverse
effect on Primo Brands’ stock price and could impair its ability to raise capital through the sale of additional stock. In addition, 58,000,000 shares of Class A common stock held by the selling stockholders are pledged as security for a
margin loan entered into by the ORCP Stockholders. In an event of default under the margin loan agreement, the lenders may sell the shares pledged as security for the margin loan, which may, in certain circumstances, include sales in the open
market, as well as hedging sales. Furthermore, conversions of shares of Class B common stock into shares of Class A common stock will have a dilutive effect on the number of outstanding shares of Class A common stock.

Upon the completion of the Transaction, Primo Brands had 314,501,611 shares of Class A common stock issued and outstanding. As of the
date of this prospectus, the offer and sale of shares of Class A common stock covered by this prospectus represent 57.5% assuming the conversion of all shares of Class B common stock into shares of Class A common stock.

Despite any potential decline in the public trading price of our shares of Class A common stock, the selling stockholders named in this
prospectus may still experience a positive rate of return on their shares of Class A common stock due to differences in the assumed purchase prices of their shares of Class A common stock and the public trading price of our shares of
Class A common stock.

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Investment vehicles affiliated with ORCP own a significant amount of the voting power of the Company, and ORCP’s interests may conflict with or differ from the