Elah Holdings Inc fka RELYQ (ELLH)

[vpagano]

Part 2:

Let's assume $10 per share offering and then $10 for the rights offering:

$125 MM goal
-$40 MM via share offering
$85 MM needed from rights

$85 MM / $10 = 8.5 MM shares via rights

16.201 MM s/o / 8.5 MM new rights shares = (let's round for fees) 2 shares needed for 1 new share

16.201 + 8.5 = 24.701 new shares * (new value let's say $10) = ~ $250MM equity value

Say they also do $100MM of EBITDA eventually:

A) The multiple = add up the debt + $250MM / 100MM >>> need full debt number

B) What would be a good multiple for this?

Price levels are merely placeholders, just thinking out loud. Thanks.

-Pagz