GoPro, Inc. received a notice from Nasdaq regarding its non-compliance with the minimum bid price requirement, as its Class A Common Stock has been below $1.00 per share for thirty consecutive business days. The company has a 180-day grace period to regain compliance by ensuring the minimum bid price meets or exceeds $1.00 for at least ten consecutive business days. GoPro, Inc. operates in the consumer electronics industry, specializing in action cameras and accessories.

On July 9, 2026, GoPro closed a securities purchase agreement with entities affiliated with CEO and Chairman Nicholas Woodman, receiving $20 million in gross proceeds in exchange for $20 million in senior secured notes and warrants for 25,706,940 shares of Class B common stock. Simultaneously, the company amended its Revolving Credit Agreement with Wells Fargo, increasing the interest rate by 1.00% (to base rate plus 3.50% or SOFR plus 0.10% plus 4.50%) and agreeing to weekly repayments starting October 9, 2026, ranging from $250,000 to $1.0 million. The company must fully refinance the revolving credit facility within 180 days. Additionally, GoPro entered into an amendment with Farallon Capital Management to permit these transactions. GoPro designs and sells cameras and related accessories.

GoPro, Inc. entered into a securities purchase agreement on July 1, 2026, with entities affiliated with CEO Nicholas Woodman to purchase $20.0 million in senior secured notes and warrants exercisable for 25,706,940 shares of Class B common stock. The notes carry a 6.50% interest rate, are secured by a third lien on substantially all assets, and mature on July 21, 2028. The warrants have an exercise price of $0.7780 per share. GoPro, Inc. manufactures and sells consumer electronics, specifically action cameras and accessories.