GoPro is trading 11.3% up at $1.57 after founder Nicholas Woodman and the Woodman Family Trust disclosed an approximately 20.6% beneficial stake in a Schedule 13D filing tied to the Starman Optical merger.
- The merger offers shareholders $1.14 per share in cash while retaining approximately 10% ownership of the combined company.
- The broader technology sector is lower, making the company-specific filing the clearest explanation for GoPro’s gain.