{"schema_version":"secwatch.filing_event.v1","accession":"0001500435-26-000064","form_type":"8-K","ticker":"GPRO","cik":"0001500435","company_name":"GoPro, Inc.","filed_at":"2026-10-16T21:30:16+00:00","discovered_at":"2026-10-16T21:32:00.187718+00:00","generated_at":"2026-10-16T21:32:07.988468+00:00","sec_items":["2.02","4.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"GoPro to restate FY2025 and 2026 financials on debt/warrant errors; Q3 2025 net loss $27.4M vs $21.3M","bullets":["Audit Committee concluded Oct 9, 2026 that FY2025 audited, Q3 2025, Q1 2026 and Q2 2026 statements were materially misstated; errors surfaced during merger-proxy preparation.","Warrant liability understated and long-term debt overstated by $8.1M at Aug 4, 2025 initial measurement; 2026 YA II PN convertible debenture derivative misvalued using standalone debt fair value.","Long-term debt at Dec 31, 2025 restated to $36.6M from $44.3M; FY2025 net loss $92.6M ($0.58/sh) vs $93.5M ($0.59/sh) previously reported.","Q3 2025 net loss restated to $27.4M from $21.3M, EPS $(0.17) vs $(0.13); Q1 2026 net loss $76.3M vs $80.8M, EPS $(0.47) vs $(0.50).","Restatement triggered defaults under Wells Fargo revolver, Farallon term loan, YA II PN debentures and Nicholas Woodman notes; waivers obtained; material weakness in ICFR."],"urls":{"canonical":"https://secwatch.observer/filing/0001500435-26-000064","json":"https://secwatch.observer/filing/0001500435-26-000064.json","markdown":"https://secwatch.observer/filing/0001500435-26-000064.md","text":"https://secwatch.observer/filing/0001500435-26-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1500435/000150043526000064/0001500435-26-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1500435/000150043526000064/gpro-20261009.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-16T21:32:07.988468+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}