GoPro agrees to merge with Starman Optical in deal valuing GoPro at USD 285 million
GPRO•Ownership, debt repayment and business plan
GoPro investors are expected to retain about 10% of the combined company, which will remain listed on Nasdaq.
About USD 92 million of outstanding debt is set to be repaid at closing, leaving the business substantially debt-free.
Starman’s U.S.-made optical transceivers are expected to be added, targeting AI data center infrastructure, defense, and aerospace markets.
GoPro to merge with Starman Optical in recapitalization
GoPro agreed to merge with privately held optical-photonics group Starman Optical in a recapitalization aimed at broadening its product portfolio.
Shareholders will receive USD 285 million in cash, or USD 1.14 per share, subject to a net working capital adjustment.
