🟢 GoPro is trading 11.86% up in pre-market after definitive merger agreement

GoPro is trading 11.86% up at $1.89 in pre-market after announcing a definitive merger agreement with Action Acquisitions LLC and Starman Optical.

• Terms provide approximately $1.14 cash and 0.1 surviving-company share per share; existing shareholders retain roughly 10%.
• The approximately $285 million deal is expected to address GoPro’s debt burden and pivot toward AI-data-center optical technology.
• Shares rose 37.40% on September 2 and across the prior three sessions; the mildly positive broader market appears secondary.