SAN MATEO, California, September 1, 2026, 21:00 (EDT)
- GoPro, Inc. NASDAQ:GPRO closed at $1.24, up 41.5%, on 493.6 million shares.
- Starman Optical offered $1.14 a share in cash plus roughly 10% of the combined company.
- GoPro reported $105 million of second-quarter revenue and a $29 million adjusted EBITDA loss.
GoPro, Inc. NASDAQ:GPRO shares jumped 41.5% to $1.24 on Tuesday. Starman Optical agreed to pay $1.14 a share in cash while leaving holders with about 10% of the combined company.
The close put a 10-cent premium on the stated cash consideration. That premium equals 8.8% of the cash amount. It reflects the uncertain equity stub, working-capital adjustments and closing risk.
The premium narrowed after the bell. GoPro was quoted at $1.18 at 16:59 EDT, four cents above the cash component.
GoPro price reset around the merger terms
USD per share. Latest displayed quote: .
Source: ChartExchange. Regular-session closes and latest displayed after-hours quote.
GoPro ended the previous week at $0.5999, virtually unchanged from August 24. It then more than doubled across two sessions. Tuesday volume reached 493.6 million shares, about 37 times its 30-day average.
Mark Edward Fischbach helped ignite the first leg. The creator known as Markiplier disclosed 13.5 million Class A shares, or 8.5%, in a passive filing.
The proposed merger adds a more durable financial anchor. Starman will fund $285 million of aggregate cash and repay roughly $92 million of debt. Existing holders retain about 10% after closing.
What GoPro holders are being offered
Source: GoPro merger announcement filed with the SEC, September 1, 2026.
Founder and Chief Executive Nicholas Woodman called the target “a leading American imaging and optical solutions company.” Starman brings optical transceivers and planned U.S. manufacturing. GoPro contributes cameras, software and more than 2,500 U.S. patents.
The deal follows sharp operating deterioration. Second-quarter revenue fell 31% to $105 million. Camera sell-through dropped 38% to about 291,000 units.
The mix did improve. Subscription and service revenue rose 11% to $29 million. It reached 28% of sales, while GoPro.com revenue gained 13%.
Second-quarter operating pulse
Three months ended June 30, 2026; year-over-year changes.
Source: GoPro Q2 2026 results, released August 10, 2026.
Liquidity made the recapitalization urgent. GoPro held $27.3 million of cash at June 30 against $87.2 million of principal debt. First-half operating cash outflow was $47.4 million.
The coming week has no announced earnings report. Investors will instead watch for proxy details, financing evidence and any competing proposal. Shareholder and regulatory approvals remain required before the targeted year-end close.
Risks: The merger can fail or be delayed. Net working capital can alter the cash payment. Starman’s private finances remain thinly disclosed, leaving the 10% stake difficult to value.
