GoPro shares were trading at $1.48, up 68.91% on the day, according to MSX.COM data, after news of a proposed merger with photonics company Starman Optical. Under the agreement, GoPro shareholders would receive a total of $285 million in cash, or about $1.14 per share, and would keep roughly 10% of the combined company. The deal terms also state that GoPro’s approximately $92 million in outstanding debt will be fully repaid when the transaction closes. After the merger, the combined company plans to expand into optical communications for AI data centers, using Starman Optical’s transceiver technology to target AI data center infrastructure and related markets. The transaction was reported by Odaily.
GoPro shares were trading at $1.48, up 68.91% on the day, according to MSX.COM data.
The move came after news that GoPro had reached a proposed merger deal with photonics company Starman Optical. Under the agreement, GoPro shareholders would receive a total of $285 million in cash, equal to about $1.14 per share, and retain roughly 10% of the combined company.
In addition, GoPro’s approximately $92 million in outstanding debt will be fully repaid at closing. The combined company plans to expand into optical communications for AI data centers, using Starman Optical’s optical transceiver technology to target AI data center infrastructure and related markets.
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