GoPro is trading at $1.43, down 15.44%, with the decline appearing to reflect profit-taking and reassessment of the merger terms.
- GoPro closed at $1.69 on September 2 after three consecutive sessions of gains.
- The rally followed GoPro’s definitive agreement to merge with Starman Optical, involving approximately $1.14 cash and 0.1 surviving-company share per GoPro share.
- Shareholders retain roughly 10% of the combined company; approximately $92 million of debt is repaid.