GoPro has agreed to merge with Starman Optical, a privately held optical-photonics company, in a transaction that will pay GoPro shareholders an aggregate $285 million, or $1.14 per share. Existing shareholders will retain roughly 10% of the combined company's outstanding shares. The deal will also extinguish about $92 million in debt, leaving the company substantially debt-free, and GoPro will remain listed on the Nasdaq. The merger aims to expand GoPro beyond action cameras into AI data center infrastructure, defense, government, robotics, and aerospace markets, while continuing to invest in its consumer hardware and subscription services. The boards of both companies have approved the deal, which is expected to close by the end of 2026, subject to regulatory and stockholder approvals.
GoPro IncGoPro shareholders receive $285M ($1.14/share) and the deal extinguishes ~$92M of debt, leaving it substantially debt-free.
Starman Optical is the merger counterparty, combining with GoPro in a $285M deal that leaves the combined company substantially debt-free.
