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In this video tutorial on recapitalization, ABC company reported $100 million in debt at the end of 2018. In 2019, ABC raised $20 million in new debt to buy back stocks. Before the recap, the stock price was $10 and ABC had 70 million shares outstanding. The goal is to calculate the number of shares after the recap using the formula: new debt minus old debt over previous stock price. By plugging in the numbers, we can determine the total shares remaining after the recapitalization.