GoPro issues USD 20 million convertible debenture to Yorkville under financing deal

Reuters2026/09/08 12:40

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GoPro issued a USD 20 million convertible debenture to YA II PN, Ltd. on Sept. 8, 2026 under a Feb. 27, 2026 purchase agreement.
Third Closing under the agreement; no additional convertible debentures will be issued, ending a program sized up to USD 50 million.
Debenture carries no interest unless triggers apply; rate shifts to 5% or 18% in specified events; matures Aug. 26, 2027.
Conversion price set at the lower of USD 1.35 or 98% of the 5-day low VWAP, with a USD 0.17 floor.
Issued at a 3% original issue discount; conversions capped to prevent holder ownership above 4.99% of shares outstanding.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GoPro Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001500435-26-000040), on September 08, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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GoPro issues USD 20 million convertible debenture to Yorkville under financing deal

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