GoPro raises $20M via related-party debt from CEO Woodman, secured by third lien

Filed July 8, 2026 · Period ending July 1, 2026 · ~1 min read

Key Changes

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  GoPro entered a $20M financing with entities affiliated with CEO Nicholas Woodman, consisting of senior secured notes at 6.50% interest (PIK, maturing July 2028) and warrants for 25.7M Class B shares at $0.7780 exercise price.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  The notes are secured by a third lien on substantially all company assets, subordinated to existing liens held by Wells Fargo and Farallon Capital Management, indicating at least two prior secured debt facilities.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Warrants become exercisable six months after closing or earlier upon announcement of a change-of-control transaction, expiring three years after closing; represent potential significant dilution if exercised.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →