XpresSpa Group Inc (XSPA)

[Snooze]

I believe Perlman commented on one of the calls that he believes Xpresspa deal will add $35m of shareholders equity to FH...
if FH owners will own 67% of the combined company (FH + Xpresspa) on a fully diluted basis, believe that implies a $70m value for FH before the deal.....
current market cap is $38m or so... or 54% of what Xpresspa owners are giving it credit for under the deal terms....
$70m equates to about $4.45/share approximately...
Seems like a great deal to me at $2.46
As always, do your own DD
Make your own analysis and conclusion
My comments are back of the envelope guesstimates
GLTA