How does this transaction impact the company's current valuation multiples compared to industry peers?

The shareholder‑approval signal for the 180 Degree Capital‑Mount Logan business combination means the market will now price the combined entity on a “new‑company” basis rather than on 180 Degree’s historic cash‑flow profile. Assuming the deal is executed at a modest premium to 180 Degree’s current market cap, the equity value will be uplifted while the balance‑sheet will also absorb Mount Logan’s assets (largely cash‑generating, low‑margin holdings). Consequently, the EV/EBITDA and P/E multiples of the post‑combination firm are expected to compress toward the lower‑end of the peer set for mid‑cap, diversified holding‑company structures (e.g., other SP‑500‑listed BDCs). The premium paid is absorbed into goodwill, which dilutes the earnings denominator, but the added scale and cross‑sell opportunities should lift EBITDA faster than the equity base, pulling the EV/EBITDA down from the current ~12‑13× range to roughly 9‑10×—a level more in line with the industry average for similar BDCs.

From a trading perspective, the market will likely reward the transaction with a multiple‑expansion premium in the short‑run as investors re‑rate the stock to reflect the anticipated synergies and a more stable cash‑flow mix. If the price already reflects the upside (i.e., the stock is trading at a multiple comparable to the higher‑end of peers), the upside may be limited and a pull‑back could be expected once the deal closes and the goodwill amortisation hits earnings. Conversely, if the current price still embeds a discount to peers, a buy‑on‑dip could capture the multiple‑expansion upside, especially on breakout of the 20‑day moving average and a bounce off the 200‑day trend line. In short, monitor the post‑announcement price action; a firm that narrows its valuation gap to peers (EV/EBITDA ≈ 9‑10×) offers a short‑to‑mid‑term upside for traders willing to hold through the combination execution window.