SaleMay 19, 2026, 04:43 PM
GoPro Retains Houlihan Lokey to Explore Strategic Alternatives
AI Summary
GoPro, Inc. announced it has retained Houlihan Lokey, Inc. as its financial advisor to explore a potential sale or other strategic alternatives, following several unsolicited inquiries. The company's Board of Directors and CEO Nicholas Woodman fully support this initiative to maximize shareholder value, though no timetable or decisions have been made. Separately, GoPro entered into a new lease agreement for approximately 25,000 square feet at 2855 Campus Drive, San Mateo, CA, which will serve as its new corporate headquarters starting January 1, 2027, with an initial monthly base rent of $87,500.
Key Highlights
- GoPro engaged Houlihan Lokey as financial advisor to explore a potential sale or other strategic alternatives.
- The Board of Directors and CEO Nicholas Woodman fully support the strategic review process.
- GoPro entered a new lease agreement for approximately 25,000 square feet at 2855 Campus Drive, San Mateo, CA.
- The company intends to relocate its corporate headquarters to the new premises on January 1, 2027.
- The initial monthly base rent for the new headquarters will be approximately $87,500, increasing annually by 3%.
- The lease term is from January 1, 2027, to December 31, 2031.
- A security deposit of $1,062,500 was paid for the new lease agreement.
Price Impact
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