Thank you. Keen to learn about anything I am getting wrong and/or are missing wrt Thryv.
On the warrants, if you the 30 USD target price and there are options for 5.2mm shares struck at 24.39 USD, the "cost of dilution" to shareholders should be 5.2*(30-24.39) = 30mm USD. So you can deduct this from equity value. The warrants' value will increase with the stock price, effectively creating a "profit sharing" component. If they do really well, the warrants hurt more but then you are generally doing fine anyway. Thanks for the remark.
Great post. Somehow one stumbles over the same names.
You mentioned the outstanding options, yet you did not take a claim on equity into account in the Valuation section.
(disclaimer: i do mention options and don't follow through in valuation, too)
Thank you. Keen to learn about anything I am getting wrong and/or are missing wrt Thryv.
On the warrants, if you the 30 USD target price and there are options for 5.2mm shares struck at 24.39 USD, the "cost of dilution" to shareholders should be 5.2*(30-24.39) = 30mm USD. So you can deduct this from equity value. The warrants' value will increase with the stock price, effectively creating a "profit sharing" component. If they do really well, the warrants hurt more but then you are generally doing fine anyway. Thanks for the remark.