GoPro issues USD 20 million convertible debenture to Yorkville under financing deal
GPRO•Key terms of the debenture
The debenture carries no interest unless triggers apply; the rate shifts to 5% or 18% in specified events, and it matures Aug. 26, 2027.
The conversion price is set at the lower of USD 1.35 or 98% of the 5-day low VWAP, with a USD 0.17 floor. The debenture was issued at a 3% original issue discount, and conversions are capped to prevent holder ownership above 4.99% of shares outstanding.
GoPro completes third closing under financing agreement
GoPro issued a USD 20 million convertible debenture to YA II PN, Ltd. on Sept. 8, 2026 under a Feb. 27, 2026 purchase agreement.
This was the third closing under the agreement; no additional convertible debentures will be issued, ending a program sized up to USD 50 million.
