secwatch.observer — SEC 8-K summary
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Issuer:     GoPro, Inc. (GPRO)
CIK:        0001500435
Form:       8-K
Filed at:   2026-07-13T12:31:10+00:00
Accession:  0001628280-26-047943
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

GoPro closes $20M senior secured notes to CEO affiliate; credit terms tightened
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- Issued $20M senior secured notes and warrants for 25.7M Class B shares to entities affiliated with CEO Nicholas Woodman.
- Wells Fargo amendment raises revolving loan interest by 1.00% to base+3.50% or SOFR+4.50%.
- Weekly repayments of $250K begin Oct 9, 2026, rising to $1M from Nov 6, 2026 until Jan 1, 2027.
- Restructuring fee of $5M payable on bankruptcy events; success fee of $1M due 181 days after closing.
- Farallon amendment permits the transactions and grants waivers under the term loan credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500435/000162828026047943/0001628280-26-047943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500435/000162828026047943/gpro-20260709.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-047943

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer