TradingKey – On September 1, Eastern Time, action camera maker GoPro (GPRO) announced that it has entered into a definitive merger agreement with private optics company Starman Optical.

Starman will advance the transaction with a cash consideration of $285 million, under which GoPro shareholders will receive approximately $1.14 per share in cash and hold about a 10% stake in the combined company upon completion. Approximately $92 million of GoPro’s debt will be repaid at closing. The combined company will remain listed on Nasdaq, and the transaction is expected to close by the end of 2026.

[Source: GoPro]

Following the announcement, GoPro’s stock price surged 40.38%, reaching an intraday high of $1.64 on September 1 before closing at…