GoPro is trading 6.4% up at $1.50 after founder Nicholas Woodman and the Woodman Family Trust disclosed approximately a 20.6% beneficial stake in a Schedule 13D filing tied to the Starman Optical merger.
- The merger remains the broader catalyst, offering shareholders $1.14 per share in cash and roughly 10% ownership of the combined company.
- Broader technology weakness is a countervailing factor.