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This video tutorial provides examples of recapitalization, starting with an example of shares remaining after a purchase. ABC company had $100 million in debt at the end of 2018 and raised $20 million in new debt in 2019 to buy back stocks. Before the recap, the stock price was $10 and ABC had 70 million shares outstanding. To calculate the number of shares after the recap, use the formula: shares after = shares before - shares repurchased. Calculate shares repurchased using Dnew - Dold / Pprior, where Dnew is the new debt raised in 2019 and Dold is the debt from 2018.