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This video tutorial provides examples of recapitalization, starting with an example involving ABC company. The company had $100 million in debt in 2018, raised an additional $20 million in debt in 2019, and used it to buy back stocks. Before the recapitalization, the stock price was $10 with 70 million shares outstanding. To calculate the number of shares after the recap, subtract the repurchased shares from the total shares. The formula to calculate the repurchased shares is (new debt - old debt) / prior stock price. In this case, the repurchased shares would be calculated as (20 million - 100 million) / $10 = 8 million shares. After the recapitalization, ABC company would have 62 million shares outstanding.