RE: Wow combined value of over $10bn20 Apr 2026 11:48
I'll repeat and example of a RTO.
Public shell before RTO:
10M shares at $0.10 = $1M MCAP
Private company valued at $9M joins via RTO, receiving 90M new shares.
Now:
Total shares = 100M
Combined valuation = $10M
Share price might stay around $0.10 → existing shareholders are diluted from 100% to 10%,
but the total MCAP has grown 10× (from $1M → $10M).
So, each shareholder’s percentage of ownership shrinks, but the overall value pie grows — and if the market re-rates the new business higher, the share price may rise, offsetting dilution.