On July 5, 2024, Smurfit Westrock acquired Smurfit Kappa and merged with WestRock. Smurfit Kappa shareholders now own approximately 50.4% and WestRock shareholders own approximately 49.6% of the combined entity.

Despite Smurfit Westrock being the surviving entity, Smurfit Kappa is deemed the accounting acquirer of WestRock for accounting purposes under ASC 805. This indicates that Smurfit Kappa's existing operations and management will likely have a greater influence on the combined company's financial reporting.

Smurfit Westrock has a dual listing on the NYSE and the standard listing segment of the Official List of the FCA, and the Smurfit Westrock Shares have been admitted to trading on the NYSE and the main market for listed securities of the London Stock Exchange

The report mentions that management believes that the Company will be able to fund current and foreseeable liquidity needs with cash on hand and cash generated from operations. It also acknowledges the need to integrate the two businesses.

Anthony Smurfit, President and Group Chief Executive Officer, and Ken Bowles, Executive Vice President and Group Chief Financial Officer, reviewed and participated in management's evaluation of the disclosure controls and procedures. Based on this evaluation, Mr. Smurfit and Mr. Bowles concluded that as of the end of the period covered by this quarterly report, Smurfit Westrock's disclosure controls and procedures were effective.

The company has implemented the Smurfit Westrock 2024 Long-Term Incentive Plan and the Smurfit Westrock Annual Short-Term Incentive Plan, indicating a focus on aligning management incentives with the combined company's performance.

As of the date of this report, in connection with the Combination, two lawsuits are pending that were filed by purported stockholders of WestRock challenging the sufficiency of the disclosures that have been made in connection therewith in the definitive proxy statement that WestRock filed with the SEC on April 26, 2024.

The report references the 'Risk Factors' discussed in the Registration Statement, including risks related to the Combination, Smurfit WestRock following the Combination, Smurfit Kappa's Business, Tax Matters, and Ownership of Smurfit WestRock Shares.

The company refers to WestRock's Annual Report on Form 10-K for the fiscal year ended September 30, 2023, which includes risks related to economic conditions, competition, and international operations.

Despite Smurfit Westrock being the surviving entity, Smurfit Kappa is deemed the accounting acquirer of WestRock for accounting purposes under ASC 805. This indicates that Smurfit Kappa's existing operations and management will likely have a greater influence on the combined company's strategic direction and competitive positioning.

This geographic diversification could provide a competitive advantage by allowing the company to better serve customers in different regions and mitigate risks associated with economic or political instability in any one region.

This dual listing could enhance the company's visibility and access to capital, potentially giving it a competitive edge over companies that are only listed on one exchange.

On July 5, 2024, Smurfit Kappa, a subsidiary of the Company subsequent to the Combination, cancelled its €1,350 million revolving credit facility. There were no early termination penalties incurred as a result of the termination of the revolving credit facility.

Additionally, on July 5, 2024, Smurfit Kappa, in exchange for an intercompany loan with WestRock, a subsidiary of the Company, funded the prepayment and cancellation of the $750 million delayed draw term loan agreement as held by WestRock at that date.

On July 5, 2024, in connection with the Combination, Smurfit Westrock entered supplemental indentures to become a guarantor of various outstanding debt securities issued by subsidiaries of Smurfit Kappa and WestRock.

The 10-Q focuses primarily on the financial aspects of the combination transaction and does not delve into the specific operational or technological strategies of the combined company.

This suggests that innovation and technology are important for the company's long-term success, but there is no concrete information on how the company is investing in these areas.

This could potentially include digital transformation efforts, but there is no specific information provided.

On June 13, 2024, in connection with the Company's re-registration as a public limited company for the purpose of satisfying minimum capitalization requirements under Irish law, the Company issued 24,900 ordinary shares with a par value of €1 for €1 each for an aggregate consideration of $26,852.

On June 26, 2024, the Company created and authorized 500,000,000 Preference Shares with a par value of $0.001 each. As of June 30, 2024, there were no Preference Shares issued and outstanding. The Preference Shares are non-voting and have a fixed 8% non-cumulative dividend right.

Following approval on July 24, 2024 by the High Court of Ireland of a capital reduction in accordance with Part 3 of the Companies Act 2014, on July 26, 2024, Smurfit Westrock announced that the Board approved a quarterly dividend of $0.3025 per share on its ordinary shares.

The 10-Q focuses primarily on the financial aspects of the combination transaction and does not delve into the company's environmental, social, or governance practices.

This could potentially include environmental disasters, but there is no specific information provided.

This could potentially include governance-related risks, but there is no specific information provided.

The report references the 'Risk Factors' discussed in the Registration Statement, including risks related to economic, competitive and market conditions generally.

The company refers to WestRock's Annual Report on Form 10-K for the fiscal year ended September 30, 2023, which includes risks related to international sales and operations.

The company refers to WestRock's Annual Report on Form 10-K for the fiscal year ended September 30, 2023, which includes risks related to evolving legal, regulatory and tax regimes.