From Digital Camera World · · 1m
GoPro Merger With Starman Optical On Track
GoPro's merger with Starman Optical is closing quickly, CEO says.
In brief
GoPro's merger with Starman Optical is closing quickly, CEO says. GoPro and Starman Optical will merge as planned to become debt-free, with CEO Nicholas Woodman stating the transaction will close 'as quickly as possible'. Originally reported by Digital Camera World.
GoPro Files Proxy Statement
GoPro filed preliminary proxy statement with Securities and Exchange Commission on October 19.
CEO Says Merger Closing Soon
GoPro CEO Nicholas Woodman says filing proxy is next step toward closing merger with Starman Optical.
Starman CEO Confirms Timeline
Starman Holdings CEO Charles Tebele states both companies remain committed to completing transaction as quickly as possible.
Merger Diversifies GoPro
GoPro plans merger with Starman Optical to become more diversified while keeping action camera focus.
“Making amazing cameras for all of you is our core DNA and reason for being and that will never change”
Financial Errors Corrected
GoPro updated financial statements after audit found errors in debt accounting for previous quarters.
Merger Leaves GoPro Debt-Free
If merger completes as planned, GoPro will be largely debt-free and expand into consumer, commercial and defense markets.
The takeaway
GoPro and Starman Optical will merge as planned to become debt-free, with CEO Nicholas Woodman stating the transaction will close 'as quickly as possible'.
