GoPro to merge with Starman Optical; shareholders get $1.14/share cash, retain 10% stake

GoPro, Inc.

GoPro shareholders receive $285M aggregate cash ($1.14/share) and retain ~10% ownership in combined company.
GoPro's ~$92M debt repaid at closing; company remains publicly listed on Nasdaq.
Adds Starman's U.S.-made optical transceivers targeting AI data center, defense, and aerospace markets.
Transaction expected to close by year-end 2026, subject to stockholder approval and regulatory conditions.
GoPro will continue supporting existing consumer products and its subscription/cloud platform.

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