$GPRO (GOPRO) — 8-K: GoPro to merge with Starman Optical; shareholders get $285M cash, or $1.14/share

GoPro entered into a definitive merger agreement with Starman Optical, Inc. GoPro shareholders will receive an aggregate cash payment of $285 million, or $1.14 per share, subject to potential adjustment based on net working capital at closing, and will retain approximately 10% of the outstanding shares. GoPro’s outstanding debt of approximately $92 million will be repaid in full at closing. The transaction is expected to close by year-end 2026, subject to regulatory approvals and other customary closing conditions, including approval by GoPro’s stockholders.

GoPro entered into a definitive merger agreement with Starman Optical, Inc. GoPro shareholders will receive an aggregate cash payment of $285 million, or $1.14 per share, subject to potential adjustment based on net working capital at closing, and will retain approximately 10% of the outstanding shares. GoPro’s outstanding debt of approximately $92 million will be repaid in full at closing. The transaction is expected to close by year-end 2026, subject to regulatory approvals and other customary closing conditions, including approval by GoPro’s stockholders.