GoPro, Inc. has issued a convertible debenture with a principal amount of $20 million to investment firm YA II PN, Ltd. (Yorkville). This transaction represents the final closing under a previously announced securities purchase agreement from February 2026, which provided for up to $50 million in financing. The issuance provides GoPro with additional capital.
Key Details
- Financing Amount: $20,000,000 in principal through a convertible debenture.
- Investor: YA II PN, Ltd., an affiliate of Yorkville Advisors.
- Terms: The debenture matures on August 26, 2027, and is generally non-interest bearing unless certain events of default or other specific conditions occur.
- Conversion Price: The debenture is convertible into GPRO Class A common stock at a price equal to the lower of (i) $1.35 per share or (ii) 98% of the lowest daily volume-weighted average price over the five trading days preceding conversion, subject to a floor price of $0.1736 per share.