GoPro merges with Starman Optical to enter AI markets
Shareholders receive $285 million while debt clears, positioning the company for growth in domestic optical transceivers and strategic sectors.
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Action camera, accessories, and software manufacturer
gopro.comLast updated
In short: GoPro agreed to a $285 million acquisition by Starman Optical amid severe financial struggles and warnings about its ability to survive.
Shareholders receive $285 million while debt clears, positioning the company for growth in domestic optical transceivers and strategic sectors.
The $699.99 camera accepts Micro Four Thirds lenses, records up to 8K resolution, and ships globally in September alongside a companion monitoring app.
Revenue declined 31% to $105 million, subscription service revenue grew 11%, and MISSION 1 cameras launched.
The new compact cinematic camera system includes PRO and standard models, with mounts and accessories available now at retailers and GoPro.com.
A 17% intraday jump to $1.615 adds real percentage punch at a $292 million market cap, where every f...
Mark Fischbach hopes the camera maker does not stray from its roots after merging with an optical-photonics firm.
GoPro has issued a $20 million convertible debenture to YA II PN, Ltd., or Yorkville, completing the third closing under a ...
GoPro surged 183% as Markiplier’s stake, an AI-focused Starman merger and meme frenzy fueled gains, ...
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