GoPro Inc. filed a preliminary proxy statement with the U.S. Securities and Exchange Commission, advancing its planned merger with Starman Optical. The filing provides shareholders with information ahead of an upcoming vote on the transaction. Both companies reaffirmed their commitment to completing the merger on the previously announced terms.
Separately, GoPro said it is restating some prior financial reports because of non-cash accounting errors related to warrants and derivatives. The company said the restatements do not affect reported revenue or operating cash flows. It also said it received waivers from lenders for any technical defaults resulting from the errors.