GoPro announced it would merge with Starman Optical, a private photonics company. The company will move into AI data center and defense markets.
Although GoPro, Inc. (NASDAQ: GPRO) stock rallied by more than 78% over the past two days, Erik Woodring, a Wall Street analyst at Morgan Stanley (NYSE: MS) signaled further downside for this company over the next 12 months.
GoPro Inc (NASDAQ:GPRO) said on Tuesday it has agreed to merge with optical-photonics company Starman Optical in a $285 million recapitalization deal that will see Starman acquire a 90% stake in the combined business. Under the terms of the deal, GoPro shareholders will receive about $1.14 per share in cash and retain roughly 10% of the combined company.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,540 | $2,861.65 | $885.65 | -$1,976 | -69.05% |
Bank Hapoalim B.M. Bank Hapoalim B.M. | 43,750 | $93,000 | $31,876.25 | -$61,123.75 | -65.72% |
| NA Nizar Araji National Bank Of Canada /FI/ | 76 | $169.48 | $54.72 | -$114.76 | -67.71% |
David Einhorn Greenlight Capital Re Ltd. | 2.82M | $31.03M | $2.11M | -$28.91M | -93.19% |
Joseph Castro Nuveen LLC | 179,227 | $139,439 | $125,494.75 | -$13,944.25 | -10% |
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Nicholas D. Woodman CEO | NASDAQ (NGS) Exchange | 38268T103 CUSIP |
| US Country | 636 Employees | - Last Dividend | - Last Split | 26 Jun 2014 IPO Date |
GoPro, Inc., originally known as Woodman Labs, Inc., is a global company established in 2002 with its headquarters in San Mateo, California. Renowned for its innovation in the technology sector, GoPro specializes in developing and marketing high-quality cameras, mountable and wearable accessories, alongside a range of subscription services and software. Its international footprint spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Through its offerings, GoPro aims to enable consumers to capture, edit, and share their most adventurous moments in immersive, high-definition quality.
GoPro sells its products through various channels, including retailers, wholesale distributors, and directly to consumers via the GoPro.com website. With its innovative products and services, GoPro, Inc. continues to define the industry standard for action cameras and the capturing of life’s most dynamic moments.