Loan & DebtJul 8, 2026, 05:12 PM
GoPro Secures $20M Financing from CEO Nicholas Woodman
AI Summary
GoPro, Inc. entered into a securities purchase agreement with entities affiliated with CEO Nicholas Woodman to secure $20 million in financing. This includes $20 million in senior secured notes and warrants exercisable for 25,706,940 shares of Class B common stock. The financing, which bears a 6.50% interest rate and matures in July 2028, was deemed by an independent committee to offer the most favorable terms for the company and its shareholders.
Key Highlights
- Secured $20 million in financing from CEO Nicholas Woodman.
- Financing includes senior secured notes and warrants.
- Notes have a 6.50% annual interest rate, payable semi-annually in kind.
- Notes mature on July 21, 2028.
- Warrants exercisable for 25,706,940 Class B common stock shares.
- Warrant exercise price is $0.7780 per share.
- Notes are secured by a third lien on substantially all company assets.
Price Impact
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