🟢 GoPro is trading 11% up today after Starman Optical’s $285 million transaction

GoPro is trading 11.02% up now at $1.37 after extending its September 1 merger-driven rally.

• Starman Optical’s $285 million transaction offers shareholders approximately $1.14 per share in cash and roughly 10% ownership of the combined company.
• The deal would also repay GoPro’s approximately $92 million debt and pivot the business toward AI-data-center optical technology.
• Shares rose 40.38% to $1.23 on September 1, making today’s advance a continuation of the company-specific catalyst.