GoPro is trading 5.15% down now at $1.38 after the company issued a $20 million convertible debenture to Yorkville Advisors on September 8, creating potential dilution pressure.
- Securities can convert into Class A shares at the lower of $1.35 or 98% of a recent volume-weighted average price.
- Broader risk-off trading, including declines in major U.S. indexes and geopolitical oil concerns, is adding pressure.