GoPro signs definitive agreement to merge with Starman Optical
GoPro entered a definitive agreement to merge with Starman Optical, Inc., in a transaction expected to recapitalize and reposition GoPro. GoPro will remain publicly listed on Nasdaq.
GoPro said it has signed a definitive agreement to merge with Starman Optical in a transaction that is expected to recapitalize and reposition the company. GoPro said it will remain publicly listed on Nasdaq. The deal is expected to add a U.S. onshore optical transceiver business and position GoPro to expand into AI data center, government, defense and aerospace markets.
GoPro said it will continue supporting its existing consumer business.