GPRO GoPro, Inc.
Price Chart
Executive Summary
GoPro has amended its credit agreement to extend maturity to June 30, 2027, and issued $25 million in convertible notes to Yorkville Advisors. The company must maintain liquidity of $55 million by September 2026 and faces covenant restrictions that could trigger default if not met. This restructuring indicates financial stress and reliance on dilutive financing.
Actionable Insight
Monitor GoPro's liquidity position closely as it approaches the September 2026 deadline to maintain $55 million in liquidity. The company's ability to meet this covenant will be critical, as failure could trigger default. The convertible notes issuance suggests the company is relying on dilutive financing, which could pressure the stock if converted. Watch for signs of improving fundamentals to offset these financial constraints.
Key Facts
- Amended credit agreement extends maturity from January 22, 2027 to June 30, 2027
- Issued $25 million in convertible notes to Yorkville Advisors Global, LP
- Must maintain liquidity of $55 million by September 1, 2026, increasing from $40 million in February 2026
- Borrowing base testing period triggered, requiring monthly reporting and minimum $15 million availability
- Company must receive $25 million in proceeds from convertible notes issuance as a condition for amendment effectiveness
Financial Impact
$25 million in dilutive convertible debt issued, with potential for significant shareholder dilution upon conversion
Risk Factors
- Failure to maintain required liquidity covenants could trigger default
- Convertible notes issuance will dilute existing shareholders if converted
- Company is in borrowing base testing period, indicating financial stress
Market Snapshot
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001500435-26-000003 |
| Exhibit: ex103-amendno2farallonagre.htm | 0001500435-26-000003 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $0.7770 awaiting T+1 | awaiting T+1 | — | $0.7670 (+1.29%) |
|
Jun 3, 2026
12d ago
|
EFFECT
| $1.05 $1.00 | ▲ +4.31% | ▲ +4.71% | $0.7670 (+26.60%) |
|
Jun 1, 2026
13d ago
|
S-1/A
| $1.10 $1.15 | ▼ −4.09% | ▼ −3.95% | $0.7670 (+30.27%) |
|
Jun 1, 2026
13d ago
|
8-K
| $1.10 $1.15 | ▼ −4.09% | ▼ −3.95% | $0.7670 (+30.27%) |
|
May 22, 2026
23d ago
|
Insider Cluster
| $1.20 $1.27 | ▼ −5.42% | ▼ −5.46% | $0.7670 (+36.08%) |
|
May 20, 2026
25d ago
|
144
| $0.9900 $1.00 | ▼ −1.01% | ▼ −0.56% | $0.7670 (+22.53%) |
|
Apr 21, 2026
7w ago
|
DEFA14A
| $1.33 $1.29 | ▼ −3.01% | ▼ −2.61% | $0.7670 (−42.33%) |
|
Apr 7, 2026
9w ago
|
8-K
| $0.7700 $0.7400 | ▲ +3.90% | ▲ +4.47% | $0.7670 (+0.39%) |
|
Mar 20, 2026
12w ago
|
S-1
| $0.6650 $0.6520 | ▲ +1.95% | ▲ +1.60% | $0.7670 (−15.34%) |
|
Mar 5, 2026
14w ago
|
8-K
| $0.7600 $0.8030 | ▼ −5.66% | ▼ −4.81% | $0.7670 (−0.92%) |
US Market Status
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