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# The Action Camera Brand Is Becoming an AI Optics Company
- URL: https://www.pennystocks.news/gpro-the-action-camera-brand-is-becoming-an-ai-optics-compan/
- Published: 2026-09-02T16:22:51.000Z
- Updated: 2026-09-02T16:22:51.000Z
- Description: Shareholders get $1.14 a share in cash and keep roughly 10% of the combined company. The rest of the ownership goes to an optical-photonics firm most of them have likely never heard of.
- Author: PennyStocksNews Team
- Tags: nasdaq, ticker-gpro

The camera company that built its name on action sports footage agreed on September 1 to merge with a firm that makes optical components for AI data centers and defense systems. GoPro will stay on Nasdaq after the deal closes. It will also, the company says, add a product line it has never sold before.

GoPro, Inc. NASDAQ: GPRO 

Shares **closed 40.38% higher at $1.2300**, on dollar volume of about $705 million across roughly 794,000 trades.

Existing shareholders get **$1.14 per share in cash** — **about $285 million in aggregate** — and keep **roughly 10% of the combined company's outstanding shares**. GoPro's outstanding debt of **about $92 million gets repaid at closing**, leaving what the company's press release calls a "substantially debt-free balance sheet." The stock was trading at $0.8762 the day before the announcement, below the cash price; shares ended September 2 above that figure, which means the market is treating the retained stake as worth something on top of the cash.

The deal still needs approval from GoPro's stockholders and from regulators. Both boards have already signed off. GoPro expects to **close by the end of 2026**.

Under the merger structure, Starman Optical merges into GoPro, with GoPro surviving as a subsidiary of Action Acquisitions LLC, the holding company behind Starman. GoPro says it will keep selling cameras and its subscription service while adding Starman's products. Starman, according to the company's press release, focuses on the **development and domestic manufacturing of optical transceivers** — devices that send data as pulses of light rather than electrical signals, used inside high-speed AI data center networks — and targets defense and aerospace buyers as well.

Nicholas Woodman, GoPro's founder and chief executive, said in the September 1 press release that the merger would position the combined company as "a leading American imaging and optical solutions company." Charles Tebele, chief executive of Starman Holding, cited domestic manufacturing in the same release: "much of the critical hardware supporting these technologies continues to be manufactured overseas."

GoPro shareholders are not being bought out. They receive cash, keep a slice of the company, and will vote on a business that, by its own description, is heading somewhere most of them did not buy in expecting. What that 10% ends up being worth is not in the filing.