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.
