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AI brief of an SEC Form 8-K · GoPro, Inc. (GPRO)

GoPro issues $20 million convertible debenture to Yorkville, final closing under $50 million deal

Negative Impact 4 of 5 financing Written later

GoPro issued a $20 million convertible debenture to YA II PN, Ltd. (Yorkville) on September 8, 2026, as the third and final closing under a February 27, 2026 purchase agreement. The debenture matures August 26, 2027, and converts into Class A common stock at the lower of $1.35 or 98% of the lowest five-day VWAP, with a floor of $0.1736, so conversion could add a significant number of shares and dilute existing holders.

Key points

  • Principal amount of $20 million; issued at an original issue discount of 3.00%
  • Matures August 26, 2027; no interest unless certain adjustment events or defaults occur, then 5.00% or 18.00% annually
  • Conversion price is the lower of $1.35 or 98% of the lowest five-day VWAP, not below $0.1736
  • Total convertible debentures under the agreement capped at $50 million; $25 million was purchased at signing, and no further debentures are issuable

The filing

CompanyGoPro, Inc. (GPRO)
Form8-K, current report
Filed with the SECSep 8, 2026, 8:40 AM ET
Accession number0001500435-26-000040

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.