$GPRO TO MERGE WITH STARMAN OPTICAL GoPro has agreed to merge with optical-photonics company Starman Optical in a $285M recapitalization deal. GoPro shareholders will receive about $1.14/share in cash and retain roughly 10% of the combined company. ~$92M of GoPro debt will be repaid at closing. The combined company will remain publicly listed on Nasdaq and plans to expand beyond consumer cameras into AI data-center infrastructure, government, defense and aerospace using Starman’s U.S.-made optical transceivers.

$GPRO just pivoted into AI infrastructure through a $285M merger with Starman Optical which is a U.S.-made optical transceiver business serving data centers, defense & aerospace. GoPro shareholders get about $1.14 per share in cash & retain ~10% of the combined public company.

GOPRO IS NOW AN AI DATA CENTER COMPANY?? GoPro announced today that it is merging with Starman Optical, a private photonics company. GoPro also said it will exapdn into the AI data center and defense markets - CNBC

What... $GPRO is up 79.17% after planning to merge with a photonics company "Starman Optical" To build US 800G/1.6T optical transceivers for AI data centers. GoPro trying to compete with $AAOI was definitely not on my radar.