GoPro is trading at $1.31 (+6.91%) after announcing a $285 million merger with Starman Optical.
- Shares are extending the September 1 rally.
- Reuters reports shareholders would receive approximately $1.14 per share in cash, retain about 10% of the combined company, and have GoPro’s roughly $92 million debt repaid at closing.
- The transaction pivots GoPro toward optical technology, AI data centers, defense, and government markets.