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GoPro shareholders will receive $1.14 per share and retain about 10% of the combined company, which plans to expand into AI data centers and defense markets
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GoPro agreed to merge with Starman Optical, a privately held optical-photonics company, in a transaction that will pay GoPro shareholders an aggregate $285 million, or $1.14 per share, the company said Monday. Existing shareholders will retain roughly 10% of the combined company's outstanding shares.
At closing, the transaction will also extinguish roughly $92 million in outstanding debt, resulting in what the company described as a substantially debt-free balance sheet. GoPro will remain publicly listed on the Nasdaq $NDAQ after the transaction closes.
