GoPro retains Houlihan Lokey for strategic alternatives including potential sale; leases new HQ

GoPro, Inc.

GoPro hired Houlihan Lokey to advise on strategic alternatives including a sale following unsolicited interest from defense, consumer, and financial sectors.
New HQ lease at 2855 Campus Drive, San Mateo: ~25,000 sq ft, Jan 2027 start, ~$87.5k/month base rent, 3% annual escalation, expires Dec 2031.
CEO Woodman: 'substantial unrecognized value' via sale; Board supports review; no timetable set.
Houlihan Lokey (financial) and Fenwick & West (legal) retained as advisors.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GoPro, Inc. entered into Lease with PenLark, L.P. valued at approximately $87,500 per month (effective 2026-04-16).

Action: entry
Agreement: lease
Counterparty: PenLark, L.P.
Value: approximately $87,500 per month
Effective: 2026-04-16

Exact text from the filing

On April 16, 2026, GoPro, Inc. (the “Company”), entered into a lease agreement (the “Lease”) with PenLark, L.P. (the “Landlord”), pursuant to which the Company will lease approximately 25,000 square feet of space located at 2855 Campus Drive, San Mateo, CA 94403 (the “Premises”).

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GoPro, Inc. filing history →

Source: SEC EDGAR

accession 0001500435-26-000021

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