GoPro Announces Merger with Starman Optical for Expansion into AI Data Centers and Defense Markets
43Framing Analysis
GoPro announced a definitive merger with private photonics firm Starman Optical on Tuesday. The transaction provides GoPro shareholders a $285 million cash payment at $1.14 per share, repays $92 million in debt, and keeps the Nasdaq listing intact while directing the company toward AI infrastructure and defense optics. GoPro shares rose 38 percent after the announcement.