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.

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