GoPro, Inc. issued a $20 million convertible debenture to YA II PN, Ltd.
The transaction closed on September 8, 2026. This marks the final stage of a $50 million securities purchase program. The company will use the funds to enhance liquidity and financial flexibility.
The debenture matures on August 26, 2027. It converts at the lower of $1.35 or 98% of the lowest five-day volume-weighted average price. The agreement sets a conversion floor of $0.1736.
This funding follows a September 1, 2026, merger agreement with Starman Optical, Inc. The merger aims to recapitalize GoPro and expand its market reach.