India, Sept. 1 -- Tuesday, GoPro, Inc. (GPRO) announced a merger agreement with Starman Optical, Inc., a privately held optical-photonics company, to maximize the value of its IP and growth potential in consumer, commercial and defense markets.
Under the deal, GoPro shareholders will receive a total of $285 million in cash, or $1.14 per share. This amount may change slightly depending on GoPro's net working capital when the deal is completed. Shareholders will also continue to own about 10% of the company's shares.
Upon closing of the deal, which is expected by year-end 2026, GoPro's outstanding debt of approximately $92 million will be repaid in full, and it will continue as a publicly listed company.
googletag.cmd.push(function() { goo...